Green and low-carbon transformation, leading enterprises are in action

The experts at the meeting mentioned that in recent years, the world's leading petroleum and petrochemical companies have continued to explore green and low-carbon, and the green and low-carbon development of the international petrochemical industry has also formed some stable trends, which can provide a reference for the low-carbon transformation of petrochemical companies.

Industry pioneer experience can be learned

The experts at the meeting mentioned that in recent years, the world's leading petroleum and petrochemical companies have continued to explore green and low-carbon, and the green and low-carbon development of the international petrochemical industry has also formed some stable trends, which can provide a reference for the low-carbon transformation of petrochemical companies.

The first is to optimize the business asset allocation portfolio: accelerate the divestiture of high-carbon non-core assets and significantly increase the allocation of natural gas assets.Total proposes that by 2030, natural gas will account for more than 50% of its energy mix, petroleum products will account for 30%, and electricity will account for 15%.Shell proposes that natural gas production will account for 75% in 2030.BP sold its global industrial business and gradually divested from the traditional oil and gas business, optimized its balance sheet and investment portfolio, reduced carbon emissions, and provided financial support for the company's transformation and development in the field of natural gas and new energy.Wan Tao said that it is expected that in the next ten years, BP will gradually increase the proportion of natural gas in its sales portfolio, supplemented by the growth of biogas.

The second is to layout a diversified energy supply system.International oil and gas companies have deepened their main business, extended and deepened along the upstream and downstream of the industrial chain, and increased investment in new energy projects such as hydrogen energy, wind power, photovoltaic, and energy storage on a global scale.As a clean and efficient secondary energy source, hydrogen energy is called the “ultimate energy source in the 21st century” and has become the focus of the current layout of the petroleum and petrochemical industry.

The third is to strengthen green and low-carbon technologies.The promotion and application of low-carbon technologies has become a typical practice for major countries around the world to control carbon emissions, and the speed of upgrading of green and low-carbon technologies has been significantly accelerated, becoming a new direction for competition in the petroleum and petrochemical industry.Since the new century, ExxonMobil has invested more than US110 billion in research and development in the field of CCUS.In August 2022, China's largest demonstration base for the whole industrial chain of carbon capture, utilization and storage, and the first million-ton CCUS project in China, “Qilu Petrochemical (600002)-Million-ton CCUS project in Shengli Oilfield”, officially started gas injection operation, which also marked the entry of China's CCUS industry into the commercial operation stage.