Sinopec Unveils Groundbreaking Global and Chinese Energy Forecast, Focusing on 2060 Vision and Industry Development

Sinopec's Energy Outlook: Sinopec has released its first long-term global energy outlook, predicting that global primary energy consumption will peak by 2045, with renewable energy making up over half of total consumption by 2060. It also forecasts a peak in oil demand around 2030 and significant growth in non-fossil energy sources like hydrogen and carbon capture technologies.

China's Energy Transition: The 2025 China Energy & Chemical Industry Development Report highlights that China's energy consumption is expected to plateau after 2030, with a shift towards non-fossil energy sources projected to surpass fossil fuels by 2035. Additionally, China's carbon emissions are anticipated to peak by 2030, aligning with the country's climate goals.