Sinochem International has introduced the world’s first Product Category Rules (PCRs) for coal and coke products. The announcement was made on June 6 at the 2024 Shanghai International Carbon Neutrality Expo, during the Green and Low-Carbon Supply Chain Product Carbon Footprint Forum.
Developed in collaboration with Shanxi Yaxin Energy Group Co., Ltd., the China National Coal Association, and Ouyeel of Baowu Group, the PCRs set a global standard for assessing the carbon footprint of coal and coke products.
The new rules fill a critical gap in the industry, providing a standardized method for accurate and comparable carbon assessments. By quantifying carbon footprints, the PCRs will help companies identify emission reduction opportunities, craft effective carbon reduction strategies, and boost the green competitiveness of businesses throughout the supply chain.