China’s Petrochemical Industry How to Take a Good “Dual-Carbon” Road

With the petrochemical industry still in the growth and development stage, in order to achieve the goal of carbon peak and carbon neutrality, it is imperative to reduce energy intensity by upgrading the level of energy efficiency, and at the same time, through the orderly reduction and substitution of fossil energy sources, to walk out of a green and low-carbon transformation and development path of the petrochemical industry.

The proposal of carbon peak and carbon neutral target is a major strategic decision made by the CPC Central Committee after careful consideration, and it is a broad and profound economic and social systematic change. The petrochemical industry is engaged in the conversion of energy processing and the production of petrochemical products, and at the same time is a high-energy-consuming industry, which not only needs to realise its own green development, but also bears the important responsibility of promoting the low-carbon transformation of the whole society and safeguarding the needs of the nation and economic development. Therefore, the development of the petrochemical industry will also undergo profound changes under the new goal and situation of carbon peaking and carbon neutrality.