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OGCI China Climate Investments (CCI) was launched and established by China National Petroleum Corporation (CNPC), OGCI Climate Investments (CI), Hainan Free Trade Zone Development Equity Investment Fund (Hainan FTZ Fund), and China Oil and Gas Climate Investments (COGCI). COGCI serves as the general partner and fund manager.
History

The Oil and Gas Climate Initiative is a CEO-led organization bringing together 12 of the largest oil and gas companies worldwide to lead the industry’s response to climate change. It aims to accelerate action towards a net zero emissions future consistent with the Paris Agreement. OGCI members are Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell and Total Energies. Together, OGCI member companies represent about 30% of global oil and gas production.

OGCI members set up OGCI Climate Investments to create a US$1 billion-plus fund that invests in companies, technologies and projects that accelerate decarbonization within energy, industry, built environments and transportation.

By reaching a consensus with OGCI, CNPC and CI jointly established CCI in China.

Mission

Our mission is to invest in and support the technologies made possible through the demonstration and applications of these solutions within China. The investments and deployment of such technologies may have significant impact on global GHG emissions, especially those related to the oil and gas industry which will consequently, promote China’s response to climate change.

Carbon Capture, Utilization, and Storage
CCUS is an important vehicle for large-scale low-carbon utilization of fossil energy, which can directly or indirectly reduce carbon dioxide in the air and is the fundamental technical guarantee for achieving the goal of carbon neutrality. We mainly focus on the below technology areas:

• Carbon dioxide capture technology
• Carbon dioxide oil displacement and geological storage
• Carbon dioxide utilization - new materials and products with carbon dioxide as raw material, including but not limited to building materials, fuels, plastics, carbon fibers
Reducing
Carbon Dioxide
Carbon dioxide is the most important greenhouse gas. Improving energy efficiency in energy, industry, buildings, transportation and other fields is an important way to reduce carbon dioxide emissions. We mainly focus on the below technology areas:

• Innovative technologies, new materials and new processes
• Optimizing energy utilization efficiency through big data, Internet and information technology
• Energy efficiency improvement of industrial production process through new equipment
• Waste heat utilization, energy-saving system and services
• Information technology and Internet platforms to improve transport efficiency
• New engine technologies or solutions to improve the efficiency of internal-combustion engines
• Innovative lightweight materials
Reducing
Methane Emissions
Methane is a far more potent greenhouse gas than carbon dioxide, so reducing methane emissions can result in an important near-term reduction in the pace of global warming. We mainly focus on the below technology areas:

• Methane recovery and utilization during oil and gas production;
• Finding and locating methane emission sources through comprehensive monitoring of satellite/aviation/UAV/vehicle/portable equipment;
• New equipment to reduce leakage and escape;
• Intelligent detection and leak repair of natural gas use scenarios