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International oil prices having surpassed $100 and remaining high for some time indicate the arrival of an era of slurry-bed residue hydrogenation! The era characteristics of high-quality development in the oil and chemical refining industry will surely bring about a golden age for slurry-bed hydrogenation! The reasons are as follows: 1. Slurry-bed residue hydrogenation is currently the device with the highest conversion rate that has been successfully implemented on an industrial scale ; 2. Products such as rich aromatic compounds and rich n-paraffins represent the best approach for lightening heavy oil and achieving a ratio of “three phenyls, two dienes, and one hydrogen” ; 3. The $60 international oil price threshold represents a critical economic point, indicating greater economic viability ; 4. The improved bias-free adaptability of the raw materials enhances their selectivity for those materials ; 5. The integrated processes of oil residue gasification for hydrogen production, incineration of filter cakes, and recovery of reduced molybdenic acid through ammonia water immersion have successfully turned waste into valuable resources, enabling circular use ; 6. Successful industrial production of isooctyl molybdenum catalyst precursors in China ; 7. A group of professionals in engineering design, project construction, and production management has been trained domestically, laying the foundation for the rapid development of slurry bed technology ; 8. The localization of supporting equipment has been verified, such as slurry valves, reactors, spiral plate heat exchangers, etc ; 9. Modular installation of the reaction framework: **Practices that shorten the project construction period further reduce risks and costs** ; 10. Fundamental theoretical research such as non-ideal reactor kinetic models and the two-bubble bubbling reaction model lays a solid foundation for engineering applications and further improves the theoretical framework.