Sinopec Unveils China's Green Transition in Energy and Chemical Development
Key Ideas
  • China's energy outlook predicts a decline in coal consumption and carbon emissions by 2045, with non-fossil fuels dominating energy supply.
  • The China Hydrogen Energy Industry Outlook foresees a significant rise in hydrogen consumption by 2060, driven by non-fossil fuel sources like solar and wind energy.
  • The 2024 China Energy and Chemical Industry Development Report emphasizes resource conservation, carbon neutrality goals, and increased use of renewable energy sources in the petrochemical sector.
In Riyadh, Saudi Arabia, Sinopec shared insights on China's transition towards a greener future in the energy and chemical sectors. The conference highlighted three key reports focusing on energy, hydrogen, and chemical development. China's Energy Outlook 2060 forecasts a decrease in coal consumption and carbon emissions, with non-fossil fuels becoming the dominant energy source by 2045. The China Hydrogen Energy Industry Outlook predicts a substantial increase in hydrogen consumption by 2060, with a shift towards non-fossil fuel sources accounting for 93% of production. Additionally, the 2024 China Energy and Chemical Industry Development Report underscores the importance of resource conservation, carbon neutrality, and the adoption of renewable energy sources in the petrochemical industry. The conference aimed to showcase China's progress in decarbonization efforts and its commitment to a sustainable, low-carbon future.
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