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    857   CNE1000003W8

PETROCHINA COMPANY LIMITED

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Ineos Plans GBP1 Billion Investment to Achieve Net Zero at Scottish Refinery

09/22/2021 | 08:16am EDT

By Jaime Llinares Taboada

Ineos Group Ltd. said Wednesday that it plans to invest more than 1 billion pounds ($1.37 billion) to reduce emissions from its Grangemouth refinery in Scotland to net zero by 2045.

The U.K. chemicals company said its strategy will deliver a reduction of more than 60% in greenhouse gas emissions by 2030 through investments, partnerships and innovations. It involves a move to production and use of hydrogen at the site accompanied by carbon capture and storage of at least 1 million metric tons a year by 2030.

The Grangemouth refinery is operated by Petroineos, a joint venture between Ineos and PetroChina Co. It is the primary supplier of aviation fuel for Scotland's main airports and a major supplier of petrol and diesel in Scotland's Central Belt, Northern Ireland and northern England.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

09-22-21 1016ET

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Analyst Recommendations on PETROCHINA COMPANY LIMITED
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Financials
Sales 2021 2 442 B 383 B 383 B
Net income 2021 86 815 M 13 603 M 13 603 M
Net Debt 2021 287 B 45 030 M 45 030 M
P/E ratio 2021 8,37x
Yield 2021 5,50%
Capitalization 1 237 B 159 B 194 B
EV / Sales 2021 0,62x
EV / Sales 2022 0,59x
Nbr of Employees 423 243
Free-Float 15,9%
Chart PETROCHINA COMPANY LIMITED
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PetroChina Company Limited Technical Analysis Chart | 857 | CNE1000003W8 | MarketScreener
Technical analysis trends PETROCHINA COMPANY LIMITED
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 3,96 CNY
Average target price 3,59 CNY
Spread / Average Target -9,36%
EPS Revisions
Managers and Directors
Yong Zhang Huang President & Executive Director
Shou Ping Chai Chief Financial Officer & Secretary
Hou Liang Dai Chairman
Bo LŘ Chairman-Supervisory Board
Jigang Yang Chief Engineer
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