Core Viewpoint - Energy conservation and carbon reduction are crucial for achieving carbon peak and carbon neutrality, with the oil and chemical industry playing a significant role in this transition through three main strategies. Group 1: Capacity Transformation - The first strategy involves accelerating capacity transformation by promoting carbon capture, utilization, and storage (CCUS) projects, which will lead to industrialization of various petrochemical facilities [1] - The industry should focus on developing the hydrogen energy sector, increasing investments in projects like wind and solar hydrogen production, seawater hydrogen production, and blue hydrogen purification technologies [1] - Efforts should be made to deeply utilize waste heat and pressure from petrochemical facilities to minimize energy waste [1] Group 2: Process Reengineering - The second strategy emphasizes process reengineering, breaking down traditional production silos through raw material substitution, process innovation, energy restructuring, by-product recycling, and digital empowerment [2] - Petrochemical companies should prioritize low-carbon raw material substitution and adapt processes to reduce redundancy [2] - High-efficiency, low-consumption processes should replace traditional methods, promoting interconnectivity among facilities to reduce waste [2] - Advanced equipment should replace outdated machinery, focusing on steam production facility upgrades and using green gas alternatives [2] - Accelerating the construction of CCUS projects and resource recycling for waste catalysts and liquids is essential [2] Group 3: Carbon Emission Management - The third strategy involves improving the carbon emission management system by implementing a lifecycle carbon accounting and trading management system for petrochemical production [3] - A complete system should be established that quantifies carbon emissions, manages them, and incentivizes reductions through market mechanisms [3] - The entire process from crude oil extraction, transportation, refining, chemical synthesis, to product usage and disposal should be clearly defined for carbon accounting and assessment [3]