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The China International Petroleum and Chemical Industry Federation International Exchange and Foreign Enterprise Committee recently held a high-level seminar on the development trends of the world's oil and chemical industries and opportunities for China's innovation and development in the next ten years in Beijing. Li Yongwu, President of the Sinopec Coalition, Li Shousheng, Executive Vice President, and Li Runsheng, Vice Chairman; Cai Ronghua, Director of the Department of Petrochemicals, Industrial Coordination Department of the National Development and Reform Commission; Gu Zongqin, President of the Petroleum and Chemical Industry Planning Institute; Secretary-General of the Federation Foreign Investment Commission Pang Guanglian attended the meeting.
The next decade will be of decisive significance to the transformation, upgrading, and innovation of the China petrochemical industry. The delegates discussed the development trend of the global petrochemical industry in the next decade, studied the current status and challenges of the development of China's petrochemical industry, analyzed the development opportunities of China's petrochemical industry in the next ten years, and shared the experiences of transnational corporations' development and transformation.
Li Yongwu, president of the Petrochemical Association, thanked the delegates for their opinions and suggestions, and also reported on the economic operation of China's petrochemical industry in the first 10 months of this year. Li Yongwu pointed out that the current petrochemical industry faces three major contradictions and problems in its economic operations: overcapacity, safety, environmental protection, and lack of innovation capability. It is hoped that the Federation’s Committee of Foreign Investment will fully play its role and make greater contributions to overcoming difficulties and resolving conflicts.
Experts from Wood McKenzie and Deloitte analyzed the two topics of the impact of global energy demand trends on the industry and global petrochemical development trends. They believe that the development of North American shale gas ethylene and China's coal chemical industry will have a certain impact on the global energy future pattern. For the petrochemical industry, all companies need to be transformed. There is still a large increase in the Chinese market in the future. It is recommended that enterprises should seize the opportunities for growth during the transition.
Dr. Yu Dahai, Executive Director of Evonik Industries, shared his views on the future development of the world and China's petrochemical industry. He said that the current economic globalization's growth rate and development trend are less clear than before, and this uncertainty has brought great challenges to the petrochemical industry's strategy formulation. For enterprises, innovative technologies are conducive to establishing their own competitive advantages, and structural upgrades are becoming more and more companies' choices. Asset acquisition will continue. In the future, there will be many opportunities in the Chinese market, especially in the western market, and the same applies to the coal chemical and shale gas technologies. He also stated that the importance of image building and intellectual property protection in the chemical industry will become increasingly prominent in China. Echong Hong, EVP of Evonik and General Manager of the Asia Pacific Region of the Coatings and Additives Division believes that the future development opportunities in the field of China's petrochemical industry will be driven by the demand brought by the automotive, daily chemical, and electronics applications markets driven by the urbanization trend. Of course, chemical companies The plan is also bound to be affected by urbanization.
Woodk, the global vice president of BASF, and Tanner, head of the strategic development department of the East Asia Regional Headquarters, comprehensively analyzed China's future development situation. They believe that China's future development speed will further slow down. Under such circumstances, China’s economic development will also face environmental protection, Challenges such as overcapacity, resources, urbanization, talent and market uncertainty. However, they still believe that Asia will continue to drive global economic growth in the future. Under the new background, BASF’s strategy is to establish competitive advantages in different aspects such as technological innovation, asset portfolio, talent development and raw material supply.
Ebel, president of Solvay Asia Pacific, and Zhu Mingyue, president of Greater China, suggested that the future development of China's petrochemical industry should pay more attention to quality, attach great importance to the development of high-end technologies, pursue the model of sustainable development, and at the same time pay more attention to the importance of chemical image. .
Peng Ningke, Vice President of Dow Greater China, shared the 116 years of Dow Chemical's transformation experience, including the transformation of the company's overall macro strategy, decentralization as a means to achieve the pursuit of scale from the pursuit of profit, value-added business development, strengthen the company's high The value-added business share, as well as the shift from the European and American market operations to the emphasis on emerging markets and developed markets. Hu Jian, vice president of strategic development for DSM China, shared four transformation experiences experienced by DSM during its 100 years of development, from the transformation of the coal business to the refining business, to fine chemicals and current life sciences and materials. As a growth engine, Siman pays close attention to changes in the external environment and actively adapts to these changes. He stressed that in the implementation of the transformation strategy, enterprises will adjust the awareness of all relevant personnel in place, which is an important factor affecting the success of the transformation.
Qian Mingcheng, president of LANXESS Greater China, compares the investment environment in China with Singapore and Europe, and believes that a stable investment environment is a prerequisite for sustainable development, and technological upgrading is an important way to solve excess production capacity. Sun Xingqi, Director of Business Planning Department of Lejin, made a systematic analysis of China's future development environment including changes in the demand for petrochemical raw materials, competition in the petrochemical supply chain, adjustments to the operating environment, and the planning and positioning of Lejin Chemicals, namely the pursuit of high levels of Market demand. Mitsui Chemicals China Representative Daimaru shared the experience of Japan’s petrochemical industry in overcoming its excess capacity for a long time. Li Lei, vice president of Saudi Basic Industries Corporation and president of North Asia, shared his insights on China's development opportunities in the next decade. In addition, high-level representatives from Bayer, Dow Corning, and ICF Consulting also spoke.
The next decade will be of decisive significance to the transformation, upgrading, and innovation of the China petrochemical industry. The delegates discussed the development trend of the global petrochemical industry in the next decade, studied the current status and challenges of the development of China's petrochemical industry, analyzed the development opportunities of China's petrochemical industry in the next ten years, and shared the experiences of transnational corporations' development and transformation.
Li Yongwu, president of the Petrochemical Association, thanked the delegates for their opinions and suggestions, and also reported on the economic operation of China's petrochemical industry in the first 10 months of this year. Li Yongwu pointed out that the current petrochemical industry faces three major contradictions and problems in its economic operations: overcapacity, safety, environmental protection, and lack of innovation capability. It is hoped that the Federation’s Committee of Foreign Investment will fully play its role and make greater contributions to overcoming difficulties and resolving conflicts.
Experts from Wood McKenzie and Deloitte analyzed the two topics of the impact of global energy demand trends on the industry and global petrochemical development trends. They believe that the development of North American shale gas ethylene and China's coal chemical industry will have a certain impact on the global energy future pattern. For the petrochemical industry, all companies need to be transformed. There is still a large increase in the Chinese market in the future. It is recommended that enterprises should seize the opportunities for growth during the transition.
Dr. Yu Dahai, Executive Director of Evonik Industries, shared his views on the future development of the world and China's petrochemical industry. He said that the current economic globalization's growth rate and development trend are less clear than before, and this uncertainty has brought great challenges to the petrochemical industry's strategy formulation. For enterprises, innovative technologies are conducive to establishing their own competitive advantages, and structural upgrades are becoming more and more companies' choices. Asset acquisition will continue. In the future, there will be many opportunities in the Chinese market, especially in the western market, and the same applies to the coal chemical and shale gas technologies. He also stated that the importance of image building and intellectual property protection in the chemical industry will become increasingly prominent in China. Echong Hong, EVP of Evonik and General Manager of the Asia Pacific Region of the Coatings and Additives Division believes that the future development opportunities in the field of China's petrochemical industry will be driven by the demand brought by the automotive, daily chemical, and electronics applications markets driven by the urbanization trend. Of course, chemical companies The plan is also bound to be affected by urbanization.
Woodk, the global vice president of BASF, and Tanner, head of the strategic development department of the East Asia Regional Headquarters, comprehensively analyzed China's future development situation. They believe that China's future development speed will further slow down. Under such circumstances, China’s economic development will also face environmental protection, Challenges such as overcapacity, resources, urbanization, talent and market uncertainty. However, they still believe that Asia will continue to drive global economic growth in the future. Under the new background, BASF’s strategy is to establish competitive advantages in different aspects such as technological innovation, asset portfolio, talent development and raw material supply.
Ebel, president of Solvay Asia Pacific, and Zhu Mingyue, president of Greater China, suggested that the future development of China's petrochemical industry should pay more attention to quality, attach great importance to the development of high-end technologies, pursue the model of sustainable development, and at the same time pay more attention to the importance of chemical image. .
Peng Ningke, Vice President of Dow Greater China, shared the 116 years of Dow Chemical's transformation experience, including the transformation of the company's overall macro strategy, decentralization as a means to achieve the pursuit of scale from the pursuit of profit, value-added business development, strengthen the company's high The value-added business share, as well as the shift from the European and American market operations to the emphasis on emerging markets and developed markets. Hu Jian, vice president of strategic development for DSM China, shared four transformation experiences experienced by DSM during its 100 years of development, from the transformation of the coal business to the refining business, to fine chemicals and current life sciences and materials. As a growth engine, Siman pays close attention to changes in the external environment and actively adapts to these changes. He stressed that in the implementation of the transformation strategy, enterprises will adjust the awareness of all relevant personnel in place, which is an important factor affecting the success of the transformation.
Qian Mingcheng, president of LANXESS Greater China, compares the investment environment in China with Singapore and Europe, and believes that a stable investment environment is a prerequisite for sustainable development, and technological upgrading is an important way to solve excess production capacity. Sun Xingqi, Director of Business Planning Department of Lejin, made a systematic analysis of China's future development environment including changes in the demand for petrochemical raw materials, competition in the petrochemical supply chain, adjustments to the operating environment, and the planning and positioning of Lejin Chemicals, namely the pursuit of high levels of Market demand. Mitsui Chemicals China Representative Daimaru shared the experience of Japan’s petrochemical industry in overcoming its excess capacity for a long time. Li Lei, vice president of Saudi Basic Industries Corporation and president of North Asia, shared his insights on China's development opportunities in the next decade. In addition, high-level representatives from Bayer, Dow Corning, and ICF Consulting also spoke.
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