Sinopec's 2060 Vision: A New Era of Energy

In a significant milestone, China Petroleum & Chemical Corporation (Sinopec) has unveiled a groundbreaking global and Chinese energy forecast, focusing on a 2060 vision and industry development. This comprehensive outlook provides valuable insights into the future of energy consumption and transformation in China and the world. As an investor, understanding these trends is crucial for making informed decisions in the energy sector.

Sinopec's reports, including the "China Energy Outlook 2060 (2025 Edition)" and the "2025 China Energy & Chemical Industry Development Report," paint a clear picture of the energy landscape in the coming decades. The company projects a peak in global primary energy consumption at 26.71 billion tonnes of coal equivalent by 2045, with renewable energy accounting for 51.8% of total energy consumption by 2060. This shift towards clean energy sources is driven by the increasing demand for non-fossil energy sources like hydrogen and CCUS (Carbon Capture, Utilization, and Storage).

In China, the energy consumption transition is expected to rely on a diversified mix, incorporating electricity, hydrogen, ammonia, and other clean alternatives. By 2035, non-fossil energy power generation is projected to surpass fossil fuel-based generation, reaching 8,400 TWh. The share of non-fossil energy consumption will rise to 27% between 2026 and 2030. This shift towards a low-carbon economy will significantly impact Sinopec's operations and growth prospects.

As an investor, you may wonder how these trends will affect Sinopec's product offerings and revenue streams by 2060. The increasing demand for hydrogen and CCUS technologies presents an opportunity for the company to diversify its energy portfolio and tap into new revenue streams. By embracing these technologies, Sinopec can position itself as a leader in the global energy transition and secure its long-term success.

To align with the increasing demand for non-fossil energy sources, Sinopec can diversify its energy portfolio by investing in renewable energy technologies such as wind, solar, and hydropower. Additionally, the company can explore opportunities in energy storage solutions, carbon capture, utilization, and storage (CCUS), and hydrogen production. By embracing these technologies, Sinopec can secure its long-term growth and success in the evolving energy landscape.

In conclusion, Sinopec's 2060 vision for the global and Chinese energy landscape offers valuable insights into the future of energy consumption and transformation. As an investor, understanding these trends is crucial for making informed decisions in the energy sector. By diversifying its energy portfolio and embracing clean energy technologies, Sinopec is well-positioned to thrive in the new era of energy.