Transportation has long been one of the main applications of petroleum in the world.The acceleration of energy transformation and the improvement of fuel efficiency will lead to a peak in global demand for fuel in transportation sector,and the demand for petrochemical feedstocks will become the main driving force for the growth of petroleum demand.With the implementation of projects such as projects that reduce the proportion of refined oil products output and increase the proportion of chemical products output,and newly-built ethylene projects,China's ethylene production capacity will continue to grow rapidly,and the scale of bulk funamental chemicals and general synthetic materials will also rise significantly,thus relevant branch industries will face increasingly higher pressure of structural redundancy.In order to develop healthily and sustainably,the refining and chemical enterprises shall take the measurements such as adjusting the refining and chemical production layout,selecting competitive process flow,products sheme,processes and technologies,adopting energy-saving and consumption reducing measures,increasing the application of carbon reducing technologies,and enhancing the proportion of low-carbon raw petrochemical materials with low carbon dioxide emissions.
refining and chemical industryreducing oil production and increasing chemicals productiontransport fuelspetrochemical feedstocksethylenepara-xylene
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