On November 18, the 20th China Economic Forum hosted by the China Economic Weekly magazine under the People’s Daily Press was held in Nansha Economic and Technological Development Zone, Guangzhou of Guangdong Province. At the forum’s 2025 Greater Bay Area Technology and Financial Innovation Development Conference, the financial innovation case of OGCI China Climate Investments (CCI) based on the application of MOFs in carbon capture demonstration projects was selected as an Outstanding Green Financial Innovation Case in the “14th Five-Year Plan” Period. This honor underscores strong recognition of CCI’s efforts in leveraging financial innovation to drive the commercialization of green technologies and highlights the CCI’s leadership as an GHG impact investor in advancing green finance practices. According to the host, the selected green finance innovation cases will serve as key showcases of national financial innovation achievements and will be specifically distributed to government agencies, regulatory bodies, financial institutions, research institutes, and mainstream media, carrying significant policy relevance, industry influence, and brand visibility.

CCI’s Investment Deal Recognized as a National Outstanding Green Financial Innovation Case in the “14th Five-Year Plan” Period

The selection of National Outstanding Financial Innovation Cases in the “14th Five-Year Plan” Period focused on financial innovation practices that serve national strategies and drive industrial upgrading, aiming to identify benchmark projects that demonstrate innovativeness, feasibility and replicability. The case of CCI was selected as one of the outstanding cases primarily for the creation of an innovative business model that integrates “technology + capital + industry-finance cooperation”. Leveraging CNPC’s extensive industrial resources, the company has actively implemented a finance-for-industry approach, delivering a full-chain financial solution that enables cutting-edge decarbonization technologies to realize the transformation from laboratory research to industrial application. 

In 2023, CCI completed the strategic investment in Beijing BlueShell Technology Co., Ltd. (“Basemof” or “BlueShell”), a leading enterprise in MOFs technology. At the end of 2023, joining hands with CNPC Xinjiang Oilfield and Kunlun Trust, Basemof built China’s first MOFs-based carbon capture and utilization facility—Fengcheng Oilfield Operation Area’s Integrated Ultra-heavy Oil Extraction Associated Gas Utilization Project, opening a new pathway for green and low-carbon development of the global oil and gas industry.

After closing of the investment, CCI supported Basemof in building an environment-friendly hundred-ton-scale industrial MOFs synthesis facility, delivering the highest synthesis efficiency in the industry and reducing the MOFs production cost by an order of magnitude. Basemof has also developed a series of MOFs with high adsorption capacity, excellent selectivity, and low desorption temperatures, enabling application in high-value scenarios like decarbonization of oilfield associated gas, ethane separation from natural gas, and carbon capture from medium-temperature shift gas from refinery hydrogen production. Furthermore, by adopting a slurry-based absorption-desorption process pioneered thereby, Basemof relies on mature chemical equipment supply chains and intelligent operation technologies to significantly reduce both capital expenditure and energy consumption for gas separation facilities, effectively removing barriers to large-scale commercialization.

As the management company of the CCI, China Oil and Gas Climate Investment(COGCI) will continue to rely on CNPC Capital's green finance innovation platform, fully leverage its venture capital strengths of “making investments in early-stage companies, particularly small startups, with a long-term commitment, and in hard & core technologies” to dig deep into disruptive decarbonization technologies, support green technological innovation, and refine the development model of integrating industry with finance and synergizing financial institutions. Meanwhile, taking this award as an opportunity, COGCI will strive for the in-depth integration of the financial innovation concept into every stage of its own investment and financing processes to actively build itself into a first-class climate-focused fund management company in China. As such, it can support CNPC Capital’s green finance strategy and deliver more high-quality examples and more financial innovation cases to advance low-carbon transformation in the oil and gas sector and promote green development across the society.