BMW and HBIS will also jointly carry out research and development of carbon capture.

In terms of improvement in rankings, China's Ansteel Group Corp made the highest jump across 183 places to 217.

But to cut pollution, China has reduced steel production, leading to the closure of many plants.

Sun Guolong, general manager of Baogang Group, said carbon capture utilization and storage will play a critical and evolving role in China's energy transition.

China generated 1.25 trillion kilowatt-hours of electricity from renewable energy during the January-June period.

Steel, magnesium and its products, and coal are among the major exported commodities.

Steel, magnesium and its products, and coal are among the major exported commodities.

Hydrogen can only be generated by consuming primary energy such as coal, natural gas and renewable energy.