China Petroleum and Chemical Corporation, or Sinopec, released Wednesday in the Saudi capital of Riyadh three industry reports, shedding light on the future of China's petrochemical sector.
The three reports are "China Energy Outlook 2060 (2024 Edition)," "China Hydrogen Energy Industry Outlook," and "2024 China Energy and Chemical Industry Development Report."
China Energy Outlook 2060 shows a downward trend in energy consumption and carbon emissions in China, fueled by the country's green and low-carbon initiatives. The outlook forecasts that China's coal consumption, which anchors the country's energy security, will stop growing around 2025, and oil demand will peak before 2027.
China Hydrogen Energy Industry Outlook report predicts that by 2060, China's hydrogen energy consumption will be nearing 86 million tons, and non-fossil fuel as an energy source used for making hydrogen will jump to 93 percent.
The 2024 China Energy and Chemical Industry Development Report stresses the need to prioritize the conservation, intensification, and high-efficiency recycling of resources in the petrochemical industry, while steadily moving towards achieving carbon peak and carbon neutrality.
About CHINA MINING
China Mining Conference and Exhibition (CHINA MINING) is officially supported by Ministry of Natural Resources China. Since first held in 1999, CHINA MINING has become one of the world’s top mining events and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including survey and evaluation, exploration and mining, techniques and equipment, investment and finance, trade and services, etc., playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
With the theme of "Innovation Promotes High-Quality Development of Mining", The 25th China Mining Conference and Exhibition (CHINA MINING 2023) was held at Tianjin Meijiang Convention Center of Tianjin China on October 26-28, 2023. This session was held in a combination of “offline oriented, online assisted”, restored the offline entities to hold conference and exhibition. At the same time, relying on the "Cloud Platform for China Mining Conference and Exhibition ", it provided the industry and the society with 24-hour uninterrupted information services and realized the "never ending" of the event. CHINA MINING 2023 consisted of the opening ceremony, keynote session, summit forums, thematic forums, "offline + online" exhibition, VIP tours, ministerial bilateral talks, BOCI night, welcome party, networking dinner, mining interviews (online), etc.. For more information about CHINA MINING 2023, please visit: m.balanzskin.com/en/.
