China Petroleum & Chemical Corporation (Sinopec) released the 2025 China Energy & Chemical Industry Development Report, providing comprehensive forecasts on global and Chinese energy landscapes. The report predicts global energy consumption peaking at 26.71 billion tonnes of coal equivalent by 2045, with renewable energy constituting over 50% by 2060. It anticipates oil consumption to peak at 4.66 billion tonnes around 2030, with a focus on industrial feedstocks. Non-fossil energy sources like hydrogen are expected to grow significantly, surpassing 340 million tonnes by 2060. The report also focuses on China's energy outlook, highlighting a shift to non-fossil energy sources like electricity and ammonia. Sinopec emphasizes the importance of innovation in driving sustainable growth in the energy and chemical sectors. The company offers a roadmap for policymakers and industry leaders to navigate future challenges and opportunities in the energy transition towards low-carbon solutions.