The Forum on Foreign-invested Enterprises of China's Petroleum and Chemical Industry Held in Beijing

June 18, 2024

On June 22, the forum for foreign-funded enterprises in the oil and chemical industry in China was held in Beijing. The forum was held with the theme of introducing the "Twelfth Five-Year Plan" development of China's petroleum and chemical industry. The president of the China Petroleum and Chemical Industry Federation Li Yongwu attended the meeting and delivered a speech, and Vice Chairman and Secretary General Zhao Jungui presided over the meeting.

Li Yongwu pointed out that the formulation of the “Twelfth Five-Year Plan” for the petrochemical industry should address a series of contradictions in the current and the next five years of industrial development and focus on solving four problems: First, the scientific and regulatory increase, and second, the active transformation of stocks. It is to strengthen independent innovation and the fourth is to optimize the industrial layout. He hoped that foreign companies will play a demonstration role in adjusting the industrial structure and transforming the development mode; playing a guiding role in energy conservation, emission reduction and environmental protection; and recommending policies in the reform and development of China's petroleum and chemical industries. We will make due contributions to the sustained and healthy development of China's petroleum and chemical industries during the "Twelfth Five-Year Plan" period. At the symposium, Chen Yanhai, Director of the Department of Raw Materials of the Ministry of Industry and Information Technology, and Bai Yu, Deputy Director of the Planning Institute of the Petroleum and Chemical Industry conducted developments and issues for the petrochemical industry during the 12th Five-Year Plan period and the development trend of domestic petrochemical key industries. Analyze and interpret and answer questions from delegates.

This symposium is the fifth foreign-invested enterprise forum held by the China Petroleum and Chemical Industry Federation since the outbreak of the international financial crisis in 2008. It has become a regular meeting of friends of governments, associations and foreign companies on hot issues in the industry. The important way. Representatives from more than 20 well-known foreign companies, including DuPont, Bayer, BASF, Total, Dow Corning, DSM, LANXESS, Dow Chemical, Shell, BP, LG Chemicals, and Mitsui Chemicals, participated in the symposium.

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