China National Development and Reform Commission and other departments: promote the integration and development of the oil refining industry and renewable energy, and encourage enterprises to vigorously develop renewable energy for hydrogen production
On 25 October, the National Development and Reform Commission (NDRC), the National Energy Administration (NEA), the Ministry of Industry and Information Technology (MIIT), and the Ministry of Ecology and Environment (MOE) jointly issued the "Guiding Opinions on Promoting the Green, Innovative and High-Quality Development of the Oil Refining Industry" (hereinafter referred to as the "Guiding Opinions"). The Guiding Opinions proposed that, by 2025, the domestic primary crude oil processing capacity would be controlled at less than 1 billion tonnes, the 10-million-tonne refining capacity would account for about 55 per cent, the capacity structure and productivity layout would be gradually optimized, the strength of technology and equipment would be further enhanced, and the efficiency in the use of energy and resources would be further improved, among other things.China's total refining capacity has reached 920 million tonnes per year, ranking first in the world, but the start-up rate is still a gap compared with developed countries. And the incremental output of China's major petrochemical products has become a major contributor to the petrochemical industry in Asia-Pacific and the world, accounting for a stable share of more than 40 per cent of the world's chemical market. China's production capacity and output of bulk basic chemicals steadily ranked first in the world.Fu Xiangsheng, vice president of the China Petroleum and Chemical Industry Federation, believes that in the development of the road from big to strong, the transformation of China's petrochemical industry is still facing multiple challenges: one is the resource constraints bottlenecks are tightening, 2022 China's dependence on foreign crude oil for 71.2%, to the first half of 2023 to increase to more than 72%; another is the lack of strong innovation capacity.The Guidance focuses on the deployment of four aspects of the 17 tasks: in promoting industrial optimisation and upgrading, the deployment of optimising the structural layout of production capacity, strict control of new refining capacity, promote refinery renovation and upgrading, accelerate the elimination of backward production capacity, and improve the management of the refining industry, five tasks; in promoting the efficient use of energy and resources, the deployment of strengthening the management of energy and water efficiency, promoting the optimisation of the system of energy, the implementation of the process of equipment upgrading, and encouraging the recycling of resources. 4 tasks; in accelerating green and low-carbon development, the deployment of guiding the refining process to reduce carbon emissions, promote carbon dioxide recycling, support hydrogen production and use of hydrogen to reduce carbon emissions, and explore the strengthening of carbon emissions management 4 tasks; in strengthening scientific and technological innovation and leadership, the deployment of optimisation of innovation systems and mechanisms, strengthen the application of software development, the development of new refining technologies, and accelerate the research and development of low-carbon technologies 4 tasks.The National Energy Board of energy conservation and science and technology equipment division responsible person said that the "guiding opinions" from the actual oil refining industry in China, the systematic deployment of the relevant work, will be a powerful guide to the oil refining industry to promote green innovation and high-quality development practice.Note: This article is reproduced from Shanghai Securities News. Copyright belongs to Shanghai Securities News. If there is any infringement, please contact us to delete.