During the "14th Five-Year Plan" period, my country's refining and chemical industry will enter a critical period of integration and transformation
The "2021 China Energy and Chemical Industry Development Report" released yesterday shows that during the "14th Five-Year Plan" period, my country’s refining and chemical industry will enter a period of full release of new capacity, industry integration, transformation and upgrading, and high-end and green development of chemical products will become new trend.
The "Report" expects that in the "14th Five-Year Plan" period, my country will become one of the practitioners to promote global carbon emissions to peak in advance.
It is estimated that China’s primary energy demand in 2025 will be about 5.4 billion tons of standard coal, of which fossil energy will account for about 81.2%, which is 3.1 percentage points lower than the end of the 13th Five-Year Plan, and the proportion of coal will drop by 5.4 percentage points to 51%. The proportion of natural gas has increased.
The "Report" shows that the new crown epidemic has a profound impact on the international oil market. In the next five years, international oil prices will show a trend of mid-to-low shock recovery.
During the "14th Five-Year Plan" period, affected by the development of new energy vehicles, the growth rate of oil demand will slow down significantly and reach a peak gradually. Natural gas, as a low-carbon energy source, will still maintain an average annual consumption growth rate of more than 7%.
Domestic exploration and development investment continues to increase, ensuring a nearly 200 million tons of oil production and a domestic gas growth rate of about 5%.
The hydrogen energy industry will help China's future green energy development.
It is estimated that by 2025, my country's hydrogen fuel vehicles and hydrogen refueling stations will still be based on demonstration operations, and fuel cell vehicles are expected to reach a million-level commercial application scale in 2035.