CNPC has set a goal to transform itself into a comprehensive energy company focusing on oil, gas, heat, electricity, and hydrogen, with the aim of reaching carbon peak by 2025!
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According to reports from Jiemian News on site, this forum is themed \"Energy Transformation and International Cooperation Driven by the ‘Dual Carbon’ Goals.\" It focuses on topics such as the opportunities and challenges faced by the oil and gas industry in the context of global climate governance, pathways for the clean and low-carbon development of this industry, the integration of natural gas with new energy sources, and international cooperation in energy transformation. Hou Qijun, General Manager of CNPC, said at the meeting that carbon emissions from energy activities account for 86% of the global total. To control carbon emissions, the energy sector is key. Hou Qijun said that CNPC has clearly defined a green and low-carbon transformation path guided by the strict requirements of the \"3060\" goal; it has incorporated new energy businesses into its core business development, formulated plans for the growth of these new energy businesses, and established an overall strategy that involves three steps: clean substitution, strategic replacement, and green transformation. “During the 14th Five-Year Plan period, CNPC will transform into a comprehensive energy company focusing on oil, gas, heat, electricity, and hydrogen, while developing on a large scale geothermal energy, distributed wind and solar power generation, as well as integrated centralized wind, solar, gas, and electric power systems ； Strengthen the strategic layout in support of hydrogen energy, new materials, CCS/CCUS, and new energy services ； Build up an advanced reserve of key core technologies for clean and low-carbon development. According to the plan, CNPC aims to reach its carbon peak around 2025; by 2035, the amount of green zero-carbon energy it supplies to others will exceed the amount of fossil fuels it consumes itself; and it seeks to achieve \"near-zero\" emissions around 2050. CNPC is actively adjusting the structure of its energy supply, continuously increasing the share of natural gas in primary energy. In 2020, the domestic oil and gas production equivalent exceeded 200 million tons, with natural gas accounting for over 50% for the first time. Li Luguang, vice president of CNPC, said that natural gas holds an irreplaceable role in the energy revolution, and will for a long time undertake the important tasks of promoting the optimization of the energy structure and providing essential support for the efficient use of new energy sources.
Li Luguang said that in the integrated development of natural gas and new energy, CNPC has three perspectives. First, the integrated development of natural gas and new energy is a global consensus. In the present and for a considerable period to come, fossil fuels, including natural gas, serve as both a \"ballast\" to ensure energy security and a \"stabilizer\" for power security in new power systems with a high proportion of new energy sources. Li Luguang said that China’s annual natural gas consumption is expected to reach 540 billion cubic meters by 2030 ； It will reach a peak of nearly 650 billion cubic meters by 2040, becoming the main driver of electricity consumption growth. Second, the natural gas power generation business is an important “growth driver” for the future. When used as a supplementary power source for renewable energy generation, natural gas power generation has a clear cost advantage over electrochemical energy storage; it can effectively address the seasonal unevenness in renewable energy production and, together with coal-powered generation, help ensure a stable supply of electricity to the grid. Third, the integrated development of natural gas and new energy can take different forms in various regions. Given the strong regional nature of new energy development, the integrated development of various natural gases and new energies is essential. CNPC plans to continue to strengthen and optimize its core oil and gas business in the future, while accelerating the development of new energy, new materials, and new business models in order to achieve a green and low-carbon transformation for the oil and gas industry. In August this year, the ethylene production facilities at Lanzhou Petrochemical based on Changqing ethane, as well as those at Dushanzi Petrochemical based on Tarim ethane, built using independent Chinese technology, came online. These are the first ethylene production projects of their kind in China that were developed using such technology, and they have been designated as **model projects** for green, energy-efficient, and low-carbon development. In addition, CNPC has taken steps to reduce methane emissions; the intensity of methane emissions in 2020 was 6% lower than that in 2019 ； Complete the anti-seepage renovation of gas stations in full, and reduce the total emissions of volatile organic compounds (VOCs) from refining and chemical enterprises by 45% ； Continue to advance emission reduction through technology, and actively develop CCUS bases in regions such as Songliao, Ordos, and Xinjiang. CNPC has also actively participated in all the activities of the Oil & Gas Climate Initiative (OGCI), initiating the establishment of the \"OGCI Kunlun Climate Industry Investment Fund\" to heavily invest in low-carbon technologies and projects in China.
"CNPC aims to reach its carbon peak around 2025?? That seems difficult!
By 2035, the amount of green, zero-carbon energy supplied externally will exceed the amount of fossil fuels consumed domestically. Will this give rise to a new industry?
“\"Oil, gas, heat, electricity, hydrogen\" – it’s still too early for CNPC to develop the latter three areas on a large scale; there’s no such industry yet.
What is the heat here? ? Geothermal energy? ? Photothermal? ? Both of these projects require substantial financial resources to carry out, and Sinopec has the means to do so