Business
FGS Helps Vehicle Owners Achieve Carbon Neutrality for Refueling in Gas Stations
BEIJING, Jan. 24, 2022 /PRNewswire/ -- Recon Technology Limited ("Recon" or the "Company") today announced that Future Gas Station (Beijing) Technology Ltd.
About this update from Recon Technology, Ltd.
[{"type":"text","content":"BEIJING, Jan. 24, 2022 /PRNewswire/ -- Recon Technology Limited (\"Recon\" or the \"Company\") today announced that Future Gas Station (Beijing) Technology Ltd. (\"FGS\"), a mainland China variable interest entity's subsidiary connected to the Company and a technology service vendor, has assisted a China-based oil sale company in launching a new product named \"Carbon Neutral Box\", also known as \"CNB\". The CNB is a consumer-side carbon inclusive mini program that enables vehicle owners for the first time achieve carbon neutrality based on the driver's refueling activities at gas stations served by FGS. This is a meaningful attempt to empower the low-carbon operations of gas stations, to help vehicle owners practice low-carbon consumption, and to promote low-carbon product consumption.\nAfter refueling at a gas station, vehicle owners can automatically purchase carbon emission indicators based on the refueling volume through the CNB function on the \"DT Fuel\" phone mini program and obtain an electronic verification certification provided by the Bureau Veritas Certification (Beijing branch). In addition, vehicle owners may also achieve carbon neutrality by purchasing low-carbon commodities from the online store in CNB mini program.\nManagement Statement\nMr. Song Yang, founder of FGS, said, \"Previously, there was no consumer-based carbon neutrality certificates issued in China. Since the feature went live on January 18, 2022, 289 vehicle owners have been provided with carbon neutral fueling services and verified certifications at the East Central Road gas station, and have offsetted a total of 23.57 tons of CO2 to date. We are pleased to continue our work with a major oil sale company again in jointly launching a consumption-side based carbon neutral solution for gas stations, and proposing an effective solution to drive carbon reduction in the energy sector. This is not only a new business investment for FGS, but also a demonstration of our comprehensive product capability as a technology services company. \nMr. Song continued, \" In China, 110,000 gas stations served 27 million vehicle owners every day and generated fuel carbon emissions of 2.2 million tons of CO2 per day, with the cumulative annual carbon emissions from oil combustion of 800 million tons of CO2. This accounted for 8.1% of the...