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Yiyi Global Energy Observation: (Dong Xiucheng) "Double Carbon and Three New": Opportunities and Challenges for Petroleum Enterprises in the New Era

Published: October 24, 2024 Editor: Yuqing

(Source: Yiyi Global Energy Observation 2024-10-24)

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Double carbon three new refers to "carbon peak、Carbon neutrality and new energy、New materials and new business”。Currently,In the process of achieving the "double carbon" goal,Chinese petroleum companies will face unprecedented opportunities and challenges,Adhere to the guidance of new development concepts,Strengthen top-level design,Resolutely implement green and low-carbon strategy,Accelerate corporate development, transformation and upgrading,Promote the integrated development of oil, gas and new energy,Vigorously develop new energy、New materials and new business。

01Chinese petroleum enterprises face unprecedented challengesChinese petroleum enterprises,In particular, the three major oil groups have a dominant position in China’s oil and gas industry,Created brilliant achievements in history,Making great contributions to the security of national oil and gas supply,Become a leader among large domestic state-owned enterprises,Has a pivotal strategic position in the entire national economy and social development。However, no company or individual should be complacent by “resting on their laurels”,Thereby losing the motivation to change and improve oneself,Chinese petroleum companies are no better than this。

Challenge one: how to deal with climate change.China is the world’s largest energy consumer、The largest coal consumer and the largest carbon dioxide emitter,The challenges and pressures faced are huge,Whether it is to achieve carbon peak or achieve carbon neutrality,The difficulty is far greater than that of Western developed countries that achieved carbon peak earlier。Global response to climate change will become the main theme in the next few decades,Any country and enterprise must face it directly,No business can escape。From the perspective of global energy transformation trends,In view of the objective need to reduce greenhouse gas emissions,Fossil energy, including oil and gas, will gradually withdraw from its dominant position in the energy market,This is an inevitable trend。

Challenge 2: How to deal with the “double carbon” goal.The Chinese government has set the goals of carbon peaking before 2030 and carbon neutrality before 2060,That is, the "double carbon" goal。In the process of achieving the "double carbon" goal,China does face many problems,For example, energy security and stable supply issues、Operation stability and flexibility issues of terminal consumption (such as power grid)、Resource potential and distribution mechanism issues of non-fossil energy,And so on,It can be said that there is no consensus。Achieving the “double carbon” goal,It is a "tightening curse" for the future long-term development of the entire country and various industries,And this constraint is a hard constraint,Chinese oil companies must also face it。

Challenge Three: How to achieve transformation and development.In order to combat global climate change and achieve the "double carbon" goal,Fossil energy will gradually withdraw from its dominant position in the global energy market,Fossil energy must be replaced by other energy sources,In other words,Non-fossil energy will surely become the dominant energy source in the global energy market。In this context,Chinese petroleum companies must implement transformation and development strategies。As for how long it will take to realize the transformation,Depends on the strength of the country’s policy to promote the realization of the “double carbon” goal and the timetable for the withdrawal of fuel vehicles from the market。

02China Petroleum Corporation faces unprecedented development opportunities Soul of Enterprise,In search,It’s about making progress。Although Chinese oil companies are indeed facing unprecedented severe challenges,But at the same time, we are also facing unprecedented development opportunities。Chinese oil companies must look at the general trend、Look at the future,Follow the trend,Instead of going against the trend,The key is how to seize future development opportunities。

One of the opportunities: Restructuring of the oil and gas industry chain,Extend new business space。Fuel vehicles can have a timetable to withdraw from the market,But there is no timetable for oil and gas to exit the market,Although the oil and gas utilization path can be changed,But there will always be a path suitable for extending the oil and gas industry chain。From a trend perspective,The oil and gas industry will inevitably move towards a new path of crude oil-chemical raw materials-chemical products-new materials。In other words,Future transformation of the oil and gas industry,It will definitely break the traditional industrial chain that mainly relies on oil and gas as the power source of transportation,Transition to using oil and gas as chemical raw materials、New industrial chain of chemicals and new materials。

Opportunity 2: Give full play to the advantages of traditional industries,Promote the integrated development of oil, gas and new energy。To achieve transformation and development,Chinese petroleum companies can actively promote the integrated development of oil, gas and new energy in the future,Make full use of the advantages of existing traditional oil and gas industry development,Actively expand industrial development and business space,Vigorously develop including wind、Light、New energy industries such as geothermal and hydrogen energy,Building a clean energy supply system,Contribute to the country’s “double carbon” goal。

Opportunity Three: Targeting Future Transformation Trends,Continue to expand business development space。Chinese petroleum companies should make efforts to develop new materials industry in the future,Actively extend to the mid-to-high-end fields of the oil and gas industry chain,Achieve high-quality development of new materials industry and business。We must steadily promote new businesses such as CCUS,Actively build a 10-million-ton carbon flooding and oil carbon storage super energy basin,Accelerate the large-scale development of this industry。We must actively develop new industries and new business formats,Accelerate the establishment of new technology research and development system,Effectively improve core competitiveness、Enhance core functions,Achieve major technological breakthroughs as soon as possible,R&D and production of “double carbon and three new” related equipment,Actively deploy emerging industries such as carbon assets and carbon finance,Actively implement the green and low-carbon transformation strategy。Accurately grasp the future development direction,Clear the goal positioning of an integrated international energy company,Do a good job in cultivating and introducing talents in strategic emerging industries,Effectively improve the quality and competitiveness of development。

03How Chinese petroleum companies face challenges and opportunities head-on to face challenges and opportunities,Chinese petroleum companies need to transform their strategies around the future,Actively adapt to China’s future economic and social development needs,Combining its own advantages and development needs,Actively take effective measures,Do the following work。

Continuously strengthen the party’s leadership.The leadership of the Party is the fundamental guarantee for China’s petroleum enterprises to achieve transformation and development,Is the key to achieving sustainable and healthy development of enterprises,It is the soul and core of achieving the transformation goal。Only by adhering to the party’s leadership,In order to ensure that Chinese oil companies always maintain the correct political direction,Develop a transformation strategy that is in line with national strategies and industry development trends,Leading the transformation and development of enterprises。

Continue to improve and w88 casino games loginw88 casinoimprove the corporate governance system.For China Petroleum Corporation,Continuously improving and improving the corporate governance system determines its position in market competition and the direction of future development。Chinese petroleum companies need to continuously improve and continuously improve their decision-making mechanisms、Risk prevention and control mechanism、Operating mechanism and incentive mechanism, etc.。where,Improving scientific decision-making capabilities is the core of improving and improving the corporate governance system,Improving scientific decision-making capabilities means grasping the pulse of the market more accurately、Use resources more efficiently、Promote transformation and development more innovatively,Ensure the scientificity and rationality of the decision-making process。

Actively promote and develop new productive forces.New Productivity,refers to the traditional energy industry based on,Through technological innovation、Management Innovation、Model innovation and other methods,A new type formed、High efficiency、High added value、Sustainable production capacity。For Chinese oil companies,Developing new productive forces is the key to achieving transformation and upgrading,It is also the only way to achieve transformation and upgrading。

Strive to promote high-quality development.High-quality development requires Chinese petroleum companies to achieve a leap in transformation and development: First, clarify development strategic goals,Ensure alignment with national strategy;The second is to deepen internal reforms,Optimize management structure,Improve operating efficiency;The third is to promote industrial upgrading and structural optimization;The fourth is to strengthen human resource development and management,Implementing the strategy of strengthening the enterprise with talents;The fifth is to actively participate in international cooperation and competition,Enhance international influence。

Actively promote digital transformation.Today, as the wave of digitalization sweeps the world,Chinese petroleum companies need to actively promote digital transformation,To improve the modernization level of transformation and development。Digital transformation is more than just technological innovation,It is also an inherent requirement of transformation and development,It’s a challenge,Also an opportunity。Through digital transformation,Modernization that can promote transformation and development、Scientific、Efficiency。

Actively fulfill the three major corporate responsibilities.Chinese petroleum companies need to focus on fulfilling three major responsibilities,i.e. financial responsibility、Social responsibility and ecological environmental responsibility,This is not only the need for one’s own development,It is an important symbol of transformation and upgrading。Chinese petroleum companies must ensure their own transformation and development,We must also bear social responsibility,Including guaranteed energy supply for people’s livelihood、Promote employment and local economic development、Promote social harmony and stability、Actively participate in social welfare undertakings,Support education、Poverty Alleviation、Environmental protection and other developments, etc.,We must also adhere to the concept of green development,Strictly abide by laws and regulations on ecological and environmental protection,Strengthen pollution prevention and ecological restoration work。


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