On December 21, PetroChina established a new energy professional company - PetroChina Shenzhen New Energy Research Institute Co., Ltd., with a registered capital of 100 million yuan.

It is worth noting that on December 8, Sinopec also established a new energy company in xiong'an New Area - Sinopec xiong'an new energy Co., Ltd., with a registered capital of 100 million yuan.

In fact, not only PetroChina and Sinopec, CNOOC is also accelerating the layout of new energy. At the financial performance Conference for the first half of 2021 held on August 19 this year, Wang Dongjin, chairman of CNOOC, said that during the "14th five year plan" period, CNOOC's annual investment in new energy business will account for 5% - 10% of the total capital expenditure. According to the annual investment of 100 billion yuan, it is 5-10 billion yuan. In addition to offshore wind power, CNOOC will also develop onshore wind power and photovoltaic projects.

In the coming period, China will still maintain the rigid growth of energy consumption and the energy demand will continue to increase. At the same time, under the goal of carbon peak and carbon neutralization, the task of low-carbon energy transformation is arduous.

Energy China Forum is the biggest and most popular platform for shale & unconventional resources in China. Besides website, we also run a WeChat Account, which has the most followers in this area. We would love to help you to expand your market to China.

For more infromtaion about us, please check http://en.energychinaforum.com/about/ads 

If you are interested, don't hesitate to contact us at ecfchina1@gmail.com or ecf@energychinaforum.com