The Company Consolidates Common Goals and Business Cooperation in Energy Transformation with Three Published Research Reports in Energy and Chemicals
RIYADH, Saudi Arabia, April 23, 2025 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") officially released the first Global Energy Outlook 2060 report (the "Report") on April 21 at the overseas launch event for China's energy and chemical industry reports held in Riyadh, Saudi Arabia. Two more reports, the China Energy Outlook 2060 (2025 Edition) and the 2025 China Energy and Chemical Industry Outlook, were published at the event as well.
This is Sinopec's third overseas release event in Saudi Arabia, strengthening collaboration on energy transition and promoting academic and business exchanges.
The Report marks the first time a Chinese enterprise has published a mid- to long-term global energy outlook overseas, using innovative research for improved forecasts. It predicts global primary energy consumption will peak at 26.71 billion tonnes of standard coal by 2045, with renewables comprising 51.8% by 2060. Energy consumption will slow to 25.25 billion tonnes by 2060, with oil and gas making up 35.7%.
Oil consumption will peak at 4.66 billion tonnes in 2030, shifting focus from transportation to industrial raw materials, while still accounting for 40% of transportation energy by 2060.
Non-fossil energy will see major growth: hydrogen use will rise from 2% in 2023 to nearly 50% by 2060, exceeding 340 million tonnes annually. CCUS capacity will expand to 110 million tonnes by 2030 and 4.7 billion tonnes by 2060, driving the energy transition.
The China Energy Outlook 2060 (2025 Edition) predicts China's primary energy use will plateau after 2030, peaking at 6.8–7.1 billion tonnes of standard coal. Oil demand will peak before 2027, while non-fossil energy will surpass fossil fuels in power generation by 2035. CO₂ emissions from energy are expected to peak at 10.8–11.2 billion tonnes before 2030, ensuring an early carbon peak.
The 2025 China Energy and Chemical Industry Outlook notes that China's total refining capacity will peak at 960–970 million tonnes per year by 2025, while the chemical industry faces overcapacity in olefins, aromatics, a sustained high capacity levels of bulk chemical products.
For more insightful details of the reports, please visit http://www.sinopec.com/listco/en/.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Sinopec Makes Overseas Debut with Global Energy Forecast: Global Energy Outlook 2060 Report Released
HONG KONG, May 2, 2025 /PRNewswire/ -- Hello Hong Kong! We're excited to announce the return of The MarTech Summit to Hong Kong for the 4th consecutive year! This time, we're taking it up a notch at a new premium venue — the iconic Diamond Ballroom, The Ritz-Carlton Hong Kong, offering stunning harbour views.
Join us on 8 July 2025 as we explore this year's theme:
"Charting MarTech From Practicality to Real Impact".
Get ready for a high-impact, one-day summit bringing together 200+ senior marketers and 30+ industry-leading speakers for focused networking, knowledge exchange, and actionable insights.
What's in Store?
Key topics include:
Hear from Industry Leaders
Gain insights from speakers representing innovative and leading brands such as Polaroid, GoGoX, Shake Shack, Atlas, M+, South China Morning Post, Black Sheep Restaurants, CHARGESPOT, foodpanda, GP Batteries, and Trip.com Group.
Explore the Speaker Line-up: https://themartechsummit.com/hongkong#speakers
You'll also be networking with senior executives from top companies like Cathay Pacific, HSBC, J.P. Morgan, Nike, Colgate, Shell, Hong Kong Disneyland, Vogue, Shangri-La, and many more—ensuring a dynamic mix of thought leadership and industry presence.
Why Attend?
New Venue, Enhanced Experience
Network amidst the luxury of The Ritz-Carlton, with harbour views setting the stage for impactful conversations.
High-Impact, One-Day Event
Focused content, senior-level attendees, no distractions—just pure learning and networking.
Regional Relevance
A bespoke agenda crafted for the challenges and opportunities in Hong Kong and the Greater Bay Area, while keeping a global outlook.
Connect with Decision-Makers
With 85% of attendees holding senior leadership roles, engage with those shaping the future of MarTech.
Advance Your Professional Development
Walk away with strategies to drive measurable impact in your organisation.
Highlights from 2024
Last year, at the Kowloon Shangri-La, we welcomed over 250 senior marketers, 30+ speakers, and hosted 14 MarTech exhibitors. Leaders from Cathay Pacific, HSBC, IKEA, Chanel, Shell, P&G, FedEx, Dyson, Manulife, and many more joined us for a day of cutting-edge discussions.
Key moments included:
With 80%+ senior leadership attendance and 60% from enterprises with 1,001+ employees, 2024 proved that The MarTech Summit Hong Kong is the go-to platform for serious MarTech professionals.
Don't Miss Out!
Register by 31 May 2025 to enjoy a 40% Super Early Bird Discount!
Secure your pass now: https://themartechsummit.com/hongkong-registration
Venue: Diamond Ballroom, The Ritz-Carlton Hong Kong
Be part of an exclusive MarTech experience—where strategic insights meet premium networking in one of Hong Kong's most prestigious venues.
PR Newswire is the official Media Partner of The MarTech Summit Hong Kong
Interested in partnering? Contact us at sponsor@themartechsummit.com
Group rates auto-apply for 3+ attendees! For enquiries: marketing@themartechsummit.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
The MarTech Summit Hong Kong, 8 July 2025 at The Ritz-Carlton
