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Comprehensively Promote the High-Quality Development of Petrochemical Industry

Time:2024/06/18

On 23 April, the 2024 Petrochemical Industry Development Conference, organised by the China Petroleum and Chemical Industry Federation (CPCIF) with the theme of "Deepening Supply Side Reform and Developing New Productivity", was held in Beijing. The conference focused on the new situation of the petrochemical industry development facing new problems, new challenges, new opportunities, the participating experts around the industry supply-side reform of the direction and tasks, to explore how to resolve structural contradictions in production capacity, optimise investment in the industry, the development of new quality of productive capacity, to provide high-quality development for the industry ideas.

Wang Jiangping, Vice Minister of Industry and Information Technology, said that since the 18th CPC National Congress, China's petrochemical industry has made historic achievements in innovation and development, and has entered a new stage of development from big to strong, presenting four notable features, one is the world's leading industrial scale, the second is the energy-saving technological advances continue to accelerate, the third is the new progress in the development of industrial layout and parks, and the fourth is the steady advancement of transformation and upgrading. However, China still exists in science and technology innovation and industrial innovation integration synergy is not strong, high-end chemical materials supply capacity needs to be improved, the level of green safety is not high, the base of digital technology support is insufficient, the total factor efficiency needs to be improved and other shortcomings. In this regard, the industry should strengthen the integration of scientific and technological innovation and industrial innovation, but also strengthen the green and low-carbon development, accelerate the development of biochemicals and biomaterials, and improve the level of digitalisation in the industry.

Cao Chuanzhen, deputy director of the Department of Industrial Development of the National Development and Reform Commission, said that the development of new quality productivity is the essential requirement for the healthy and sustainable development of the petrochemical industry. The petrochemical industry's resource consumption, energy demand and carbon emissions are large, so it is necessary to accelerate the green science and technology innovation and the popularisation and application of advanced green technology, and continue to reduce the petrochemical industry's material and energy consumption. The industry also needs to enhance the level of intrinsic safety and build a green and low-carbon industrial chain and supply chain. The development of new technological capabilities is a must for the petrochemical industry to achieve a high level of self-reliance and self-improvement. The petrochemical industry must strengthen scientific and technological innovation, especially the original technology subversive scientific and technological innovation, fight the battle of key core technologies, promote the high-quality development of the petrochemical industry, and accelerate the realisation of the petrochemical industry from a large petrochemical country to a strong petrochemical country.

Fu Xiangsheng, vice president of the China Petroleum and Chemical Industry Federation, believes that the industry is currently facing structural problems increasingly prominent, insufficient innovation capacity, green low-carbon speed, modern industrial chain, supply chain security system construction and other contradictions. In the current complex internal and external environments, the industry must unswervingly take the initiative to use the supply-side structural reform to comprehensively promote the new process of high-quality development of the petrochemical industry, and to promote China's petrochemical power to the petrochemical power of the major leaps and bounds. According to the overall requirements of the supply-side structural reform, combined with the contradictions faced by the industry development, the whole industry must solidly improve its own capabilities, vigorously enhance the ability of scientific and technological innovation, precise investment capacity, the ability to optimise the stock of assets, the ability to construct the system of chain development and the ability to open up the market for services.

At the meeting, enterprises focused on high-quality development and shared their experience and exploration. Yu Jin, deputy general manager and member of the party group of China National Offshore Oil Corporation (CNOOC), believes that the development of new quality productivity is an inevitable choice for energy enterprises to stand up to the tide of the times. At present, the ocean has become a strategic highland for energy transformation, and accelerating the construction of "blue productivity" is an important direction for our country to seize the leading position, as well as an important strategic grip for promoting high-quality development and realising Chinese-style modernisation, which helps to realise the cycle of the sea and land, expand the field of economic development, and enhance the strength of the national oceans.

Zhang Fang, deputy general manager and member of the party group of China Sinochem Holding Company Limited, said that China Sinochem continues to give full play to its comprehensive advantages such as fluorine and silicon, focuses on three major fields such as electronic information, civil aviation, and new energy, lays out a number of new chemical material new technologies and products, improves the ability of comprehensive solutions, and focuses on high-end applications around the production practice, and shares the development ideas of accelerating the new chemical material to fill up the short boards.

The main forum of the conference also released the 2024 key petrochemical products capacity warning and investment direction, 2023 annual new chemical materials innovative products. During the same period, the conference also held sub-forums on innovation and development, oil and gas, dual-carbon development, petrochemical and coal chemical industry, green development, planning and development.  The main forum of the conference also released the 2024 key petrochemical products capacity warning and investment direction, 2023 annual new chemical materials innovative products. During the same period, the conference also held sub-forums on innovation and development, oil and gas, dual-carbon development, petrochemical and coal chemical industry, green development, planning and development.

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