COFCO Biochemical Energy (Gongzhuling) Co., Ltd., a prominent player in the biochemical industry, is headquartered in Gongzhuling, China. Established in 2001, the company has rapidly evolved, focusing on the production of high-quality biofuels and biochemical products. With a strong emphasis on sustainability, COFCO Biochemical Energy is dedicated to advancing renewable energy solutions, primarily through its innovative bioethanol and biodiesel offerings. The company has made significant strides in the market, positioning itself as a leader in the production of renewable energy sources. Its commitment to research and development has led to unique processes that enhance product efficiency and environmental benefits. COFCO Biochemical Energy continues to play a vital role in the global transition towards sustainable energy, contributing to both local and international markets.
How does COFCO Biochemical Energy (Gongzhuling) Co., Ltd.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Vegetable Oil Production industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
COFCO Biochemical Energy (Gongzhuling) Co., Ltd.'s score of 16 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, COFCO Biochemical Energy (Gongzhuling) Co., Ltd. reported total carbon emissions of approximately 275,500,000 kg CO2e, with Scope 1 emissions at about 108,500,000 kg CO2e and Scope 2 emissions at around 167,000,000 kg CO2e. Notably, there were no reported Scope 3 emissions for this year. Over the previous years, emissions have remained consistent, with the same total emissions reported in 2021 and 2022. In 2020, the company recorded a significant reduction in total emissions, down from approximately 792,221,000 kg CO2e in 2019 to 275,500,000 kg CO2e, indicating a substantial decrease in their carbon footprint. Despite these figures, COFCO Biochemical Energy has not established specific reduction targets or climate pledges, which may limit their commitment to long-term sustainability goals. The company has not reported any initiatives under the Science Based Targets initiative (SBTi) or other formal reduction commitments, suggesting a need for enhanced climate action strategies in alignment with industry standards.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|
Scope 1 | 719,523,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Scope 2 | 86,591,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Scope 3 | 98,764,000 | 000,000,000 | 00,000,000 | - | - | - |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
COFCO Biochemical Energy (Gongzhuling) Co., Ltd. is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.