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Report: China’s energy and chemical industry will enter a critical period of low carbon transformation during the 14th Five Year Period

inopec released the 2021 China energy and chemical industry development report, which pointed out that China's refining and chemical industry will enter a period of full release of new capacity and fierce competition during the "14th five year plan", and the development of high-end and green chemical products has become a new trend. It is estimated that in 2025, China's primary energy demand will be about 5.4 billion tons of standard coal, of which fossil energy will account for about 81.2%, 3.1 percentage points lower than that at the end of the 13th five year plan, and the proportion of coal will decrease by 5.4% to 51%, only the proportion of natural gas will be increased; the proportion of non fossil energy will continue to increase, reaching 18.8%; and the energy consumption per unit GDP will decrease by about 17% compared with 2020.