From September 22nd to 24th, the 11th China International Petrochemical Conference was held in Ningbo. Li Shousheng, President of the China Petroleum and Chemical Industry Federation, stated at the conference that China has become a major petroleum and chemical country in the world, occupying 40% of the global market share. It is expected that the average annual growth rate of sales revenue of the entire industry during the "13th Five-Year Plan" period will reach 3.19%.
The theme of this conference is "Looking forward to restructuring the value chain in the new five years", focusing on the opportunities and challenges facing the world petrochemical industry in the next five years, the petrochemical industry planning and industry investment hotspots during the "14th Five-Year Plan" period, and post-epidemic reconstruction Global supply chain and value chain, international energy and chemical market development trends, deepening reform and opening up and co-constructing a green "Belt and Road", petrochemical integration in the Yangtze River Delta, free trade zone construction, and bulk commodity trading. At the same time, the conference also held activities such as a roundtable for multinational CEOs, a forum on plastics and circular economy, and a live broadcast of "On Tao".
At the opening ceremony of the plenary meeting held on the morning of the 23rd, the heads of PetroChina, Sinopec, CNOOC, China National Energy Investment Group, LG Chem, BASF, SABIC, Covestro and other companies attended the meeting to discuss Sinopec The road to high-quality development, discussing the changes, difficulties, and ways to break the global petrochemical industry.
Zhao Jungui, Vice President and Secretary-General of China Petroleum and Chemical Industry Federation, presided over the opening ceremony, said that the world petrochemical industry is ushering in a profound transformation that supports the sustainable development of the world economy and reconstructs the global industrial chain and value chain. China's "14th Five-Year Plan" is about to set sail again. At this important historical moment, it is of great significance for global petrochemical industry leaders and value leaders to discuss the development path of China and the world's petrochemical industry.
Li Shousheng, President of the China Petroleum and Chemical Industry Federation, stated in his keynote speech that China’s GDP and total trade accounted for more than 16% and 11% of the world's total, and it has become an important global manufacturing center and supply chain hub. From the perspective of the development of the petrochemical industry, China has become the world's petroleum and chemical power, occupying 40% of the global market share. Although the economic operation of the industry will fluctuate greatly in 2020 due to the impact of the epidemic, the industry-wide average annual growth rate of sales revenue will still reach 3.19% during the "13th Five-Year Plan" period. At the same time, the focus and direction of the innovation and development of the world chemical industry have also been adjusted. A series of innovative and cutting-edge technologies such as new energy technologies and new energy technologies, new chemical materials, green chemistry, high-end specialty chemicals, agrochemicals, and life sciences A breakthrough is urgently needed. No country or individual group can change the pattern of global industrial upgrading on its own. Economic globalization is still a historical trend, and it is a long-term trend for countries to divide labor and cooperate for mutual benefit and win-win results. At the same time, under the promotion of global economic integration, regional cooperation will form a new pattern of fair competition and win-win cooperation among the "four major clusters".
Dai Hegen, chairman of China National Chemical Engineering Group Co., Ltd., said that the petrochemical industry should unswervingly follow the path of open development, coordinated development, and win-win development, relying on China’s world-class petrochemical industry cluster and huge petrochemical product consumer market, and energy Resource-rich countries and countries with advanced production technology work together to build a group of industrial clusters with strategic location advantages, energy resource transportation advantages, production and manufacturing cost advantages, large market growth potential, concentration and intensive, and circular links on a global scale. A more balanced and stable new industry pattern.
This year's discussion forum was still hosted by Long Yongtu, the former vice minister of foreign trade and economic cooperation, using the chemical industry as an entry point to discuss global industrial chains and value chains. The discussion focused on the topic of "changes, dilemmas, and breaks." Hu Zhongming, vice president of Saudi Basic Industries Corporation and chairman of Juhua Group Co., Ltd., and Chu Jian, founder of Supcon Technology Group, shared the industry chain of domestic and foreign companies in the global petrochemical industry. The contribution and development direction in the process of reshaping the value chain and supply chain, from the fields of industrial innovation and digital development, put forward clear goals to promote the petrochemical industry to high-end, international and high-quality development.
Source: Chemical Network
