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Keep an eye on the trend of energy conservation and emission reduction in the global petrochemical industry>
At present, the global economy is facing three interconnected and unavoidable challenges in its pursuit of sustainable development. First, global energy demand is expected to rise significantly in the coming decades. Second, the supply of oil is becoming increasingly difficult to meet this growing demand. Third, the large-scale use of fossil fuels is causing severe climate change, directly threatening the environment and human life. As awareness of these energy and environmental crises grows, more attention is being paid to resource efficiency and the expansion of renewable energy sources. Renewable options such as hydropower, wind, solar, biomass, and nuclear fusion are likely to play a larger role in future energy consumption. However, social and economic progress cannot afford to wait for long-term solutions. The most practical and effective approach is to leverage technological innovation to maximize the efficiency of fossil fuels while minimizing greenhouse gas emissions.
Compared to other industries, the petrochemical sector is deeply tied to both the energy and environmental challenges we face. On one hand, as a foundational industry, it provides essential materials for many sectors and relies heavily on energy for its operations. On the other hand, oil and natural gas are central to its production processes. This makes the petrochemical industry a key player in achieving energy savings and emission reductions through innovation. It is also why the concept of sustainable development has gained widespread acceptance within the international petrochemical industry, with major multinational companies actively investing in new technologies and green practices. China, now experiencing rapid economic growth and rising energy consumption, is also grappling with energy and environmental challenges. In this context, the petrochemical industry plays a critical role. To ensure a smoother path toward sustainability, it is essential to learn from advanced foreign experiences, prioritize technological innovation, and continuously improve energy efficiency and environmental performance.