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The 2021 Petrochemical Industry Development Conference was held in Qinzhou, Guangxi. Photo by Wang Weichen. The 2021 Petrochemical Industry Development Conference was held in Qinzhou, Guangxi. Photo by Wang Weichen. Xinhua Net, Qinzhou, April 28 (Wang Weichen) On April 28, the 2021 Petrochemical Industry Development Conference and the 10th Meeting of the Fourth Council of the Petrochemical Federation were held in Qinzhou, Guangxi. Officials from relevant departments in China’s petrochemical industry, experts, scholars, and enterprise representatives gathered together to discuss the future development of China’s petrochemical industry. It is understood that this conference will last for three days, with the theme of \"China’s petroleum and chemical industry in the context of the 14th Five-Year Plan.\" It will feature various forums, including a forum for the release of the 14th Five-Year Plan, forums on achieving carbon peak and carbon neutrality, oil and gas-related forums, forums on the high-quality development of the petrochemical and coal chemical industries, as well as a forum on the development of the hydrogen energy industry. Sun Weishan, vice president of the China Petroleum and Chemical Industry Federation, believes that during the 13th Five-Year Plan period, significant progress was made in the development of the petrochemical industry. However, the structural issue of \"excess in low-end products and shortage in high-end products\" remains the main challenge for this industry. Environmental accidents occur from time to time, and there is still a tendency to avoid anything related to the petrochemical sector; thus, the task of achieving green development is arduous. “A strategic major transformation of the energy industry is sweeping in. ”Li Shousheng, Secretary of the Party Committee and President of the China Petroleum and Chemical Industry Federation, said so. He said that with the rapid advancements in new energy technologies, the traditional energy industry, which relies primarily on oil, coal, and other such resources, will face the severe challenge of a sharp decline in demand. Currently, several energy companies in China have begun to develop the clean energy industry. In Li Shousheng’s view, the end of the oil era will certainly not be due to a lack of oil, but rather the emergence of renewable new energy sources. Therefore, while ensuring **energy demand and energy security, it is necessary to accelerate the development and research of new energy technologies, to pursue a new path for a orderly transition from traditional energy sources to new ones. In particular, efforts should be made to reach new heights of innovation in the development of hydrogen energy. (End) Source: China News Network; Content source: China News Network