Envision Group Partners With Spain on Carbon Neutrality

Shanghai-based energy firm Envision Group signed a strategic partnership agreement with the Spanish government on July 18 to promote local efforts at achieving carbon neutrality. The two sides agreed to establish the European continent’s first zero-carbon industrial park in Spain, constructing a power battery factory, an IoT technology center, a green hydrogen factory and intelligent wind power equipment.

Spanish Prime Minister Pedro Sánchez presented at the cooperation ceremony and said in a speech: “We welcome this important partnership with the world’s leading green technology enterprise Envision to accelerate Spain’s transition to net zero carbon city by the mid-century through comprehensive solutions and technological ecological construction. Envision is a strategic partner who can provide innovative solutions to achieve our goal of carbon neutrality.”

As a signatory of the Paris Agreement along with China, Spain promises to achieve zero carbon emissions by 2050, accelerating the innovation and development of industries like new energy vehicles, renewable energy power, and green fuel development.

Under this framework, the company will bring the world’s first zero-carbon industrial park model in Ordos, China to Spain. The firm also plans to build a zero-carbon power battery factory, a digital innovation center and a green battery supply chain ecology based on new power systems and digital operating systems. At the same time, there will also be a green hydrogen generation plant in Castilla-La Mancha and an intelligent wind power equipment base in Castile and León.

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The firm is accelerating its promotion of zero-carbon industrial park models practiced in China to Europe, Australia, the Middle East and Southeast Asia. Throughout the next decade, the company will join hands with partners to build 100 zero-carbon industrial parks globally, which will seek to reduce carbon by 1 billion tons every year.