On November 5, the first day of the seventh China International Import Expo (CIIE), PepsiCo struck the first "green order" with Sinopec New Star (Beijing) Renewable Energy Development Co., Ltd. This agreement sets up a long-term strategic framework for biogas procurement and future cooperation in renewable energy, speeding up the green transformation of energy structures and backing the goals of
On November 5, the first day of the seventh China International Import Expo (CIIE), PepsiCo struck the first "green order" with Sinopec New Star (Beijing) Renewable Energy Development Co., Ltd. This agreement sets up a long-term strategic framework for biogas procurement and future cooperation in renewable energy, speeding up the green transformation of energy structures and backing the goals of carbon peak and carbon neutrality.
Under China's dual-carbon strategy, green and low-carbon development has become a shared responsibility for society and enterprises. As a leader in low-carbon initiatives in the food and beverage industry, PepsiCo is also at the forefront of renewable energy efforts. All of its food factories in China now run on 100% green electricity. It is the first snack company to use electric trucks for end-to-end green delivery. Moreover, PepsiCo continues to develop projects involving biomethane and biomass to convert organic waste into renewable power, hot water, and thermal energy. Its new production base in Shandong features China's first biomass boiler from PepsiCo, reducing dependence on traditional natural gas.
In August this year, PepsiCo became the first company in China to engage in online biogas trading by acquiring 15 million cubic meters at the Shanghai Petroleum Natural Gas Exchange. Through a pilot project with Sinopec called "Gas Certificate Integration," they aim to promote this innovative model nationwide while exploring market mechanisms to realize the green and low-carbon value of biogas.