Focus on the “double carbon” goal Petrochina Company Limited(601857) three steps to cultivate new kinetic energy

When the chilly northwest wind blows over the prince city of Zhangjiakou, gorgeous fireworks are lit on the red and white torch in an instant.

At this moment, the first Olympic torch with green hydrogen as fuel was born in the nearly 100 year history of the Winter Olympics. Green hydrogen, that is, hydrogen obtained by electrolyzing water with renewable energy, only produces water during combustion. Compared with gray hydrogen and blue hydrogen with coal and natural gas as raw materials, green hydrogen achieves zero carbon emission from the source.

The green hydrogen of this torch fuel is obtained by Petrochina Company Limited(601857) through Cecep Solar Energy Co.Ltd(000591) electrolytic water.

“Green hydrogen production is one of our important achievements in tackling key scientific and technological problems in the field of new energy. Therefore, we have established a green hydrogen core technology research team. At present, we have made a breakthrough in the core technology of Cecep Solar Energy Co.Ltd(000591) electrolytic water catalyst, and some hydrogen production materials have reached the international leading level.” Petrochina Company Limited(601857) relevant person in charge.

Through the appearance of the green hydrogen torch that has attracted worldwide attention, Petrochina Company Limited(601857) ‘s low-carbon development path can be seen:

In January 2021, Petrochina Company Limited(601857) for the first time incorporated “green and low carbon” into the development strategy, defined the overall deployment of “clean substitution, strategic succession and green transformation”, and proposed to strive to achieve “carbon peak” around 2025 and “near zero” emission around 2050.

In February 2021, Petrochina Company Limited(601857) announced that all 16 upstream oil and gas field enterprises had set up new energy related professional departments to develop new energy business according to local conditions and strengthen the Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) integrated development of oil and gas and new energy.

In May 2021, Petrochina Company Limited(601857) promoted the establishment of the methane emission control alliance of Chinese oil and gas enterprises. At the same time, it issued a proposal that it would actively promote the methane emission control action of the whole industrial chain, promote the realization of China’s “double carbon” goal and the low-carbon transformation and development of oil and gas enterprises.

Only one year later, Petrochina Company Limited(601857) the low-carbon road has begun to take effect, and its business performance has reached the best level in seven years. As a major participant in the oil and gas industry and the largest oil and gas production supplier in China, Petrochina Company Limited(601857) how to build the future energy territory? Behind the story of frequent good news, what did it do right?

“stabilizing oil and increasing gas” to ensure safety

The two industrial chains of oil and gas are the main business of Petrochina Company Limited(601857) .

Although oil and natural gas, as traditional fossil energy, are the “big emitters” of carbon emissions, their importance for ensuring national energy security and smooth implementation of clean energy substitution can not be ignored.

According to the statistics of the General Administration of customs, in 2021, China’s crude oil import volume was 512978 million tons, a decrease of 5.4% compared with the same period in 2020, and the dependence on foreign crude oil decreased from 73.6% in the previous year to 72%. This is the first decline in China’s crude oil imports and dependence on foreign crude oil in 20 years.

An important reason for the decline in crude oil imports is that oil and gas enterprises represented by Petrochina Company Limited(601857) have solidly promoted the action plan for increasing oil and gas production. It has injected a strong “foundation” for China to actively respond to the rising international prices of oil, natural gas and other bulk energy commodities and improve the energy self-sufficiency rate.

Counting this report card, Petrochina Company Limited(601857) performance is brilliant.

In terms of crude oil, the crude oil output of Petrochina Company Limited(601857) in 2021 will achieve “three-year continuous increase”, and the annual oil and gas output equivalent is expected to exceed 210 million tons. Among them, Daqing Oilfield has strengthened water drive control decline and chemical drive efficiency, and the crude oil has achieved 30 million tons of hard stability; Xinjiang Oilfield has increased the scale efficiency of Mahu tight oil and jimusar shale oil, with a crude oil output of more than 13.5 million tons, ranking first in all oil and gas fields; Changqing Oilfield innovated and established a high-efficiency production mode of “large well cluster and industrialization”, with an annual production of 25.36 million tons of crude oil and an increase of 1.59 million tons in three years; Liaohe Oilfield actively promotes the transformation of major development modes such as SAGD, fire drive and binary drive, and strives to maintain a stable production of 10 million tons.

In terms of natural gas, the output equivalent of natural gas in Petrochina Company Limited(601857) whole year of 2021 will exceed 100 million tons, maintaining a rapid growth of 51.4% in the output equivalent of oil and gas. Among them, Changqing Oilfield has produced more than 46 billion cubic meters of natural gas this year, breaking the historical record again; Southwest oil and gas field aims at the “three major” fields and implements the “four major” projects, with an annual output of more than 35 billion cubic meters of natural gas; Tarim Oilfield continued to increase the construction and production of natural gas in Kuqa area, producing more than 31 billion cubic meters of natural gas.

At the same time, Petrochina Company Limited(601857) focus on unconventional, continuously innovate the theory of deep marine shale gas enrichment and high-yield exploration and development, and tackle six main technologies such as horizontal well plus volume fracturing, so as to support Luzhou to form China’s first deep shale gas field with “trillion reserves and 10 billion production”.

According to the prediction of relevant experts: in the next decade, the demand for refined oil will gradually decline from the peak, the demand for crude oil will also enter the platform period, and the demand for natural gas will continue to grow.

In this context, Petrochina Company Limited(601857) chairman Dai Houliang said at the meeting of the group’s leading group for the development of new energy and new materials that he would make full use of the green and low-carbon energy attribute of natural gas, give full play to the resource advantages of the company’s natural gas, vigorously implement the strategy of “stabilizing oil and increasing gas” to promote the rapid growth of natural gas production, and further increase the proportion of natural gas to 55% by 2025, At the leading level among peers.

clean alternative hydrogen energy leader

Becoming an integrated energy company of “oil, gas, thermal power and hydrogen” is the transformation direction of Petrochina Company Limited(601857) .

In April 2021, Petrochina Company Limited(601857) group held a mobilization meeting for the optimization, adjustment and deployment of the headquarters organization system. Dai Houliang pointed out that it is necessary to highlight the overall planning of business coordination, professional development and industrial chain integration outside China, optimize and adjust the division of business segments, build four business segments (sub groups) of oil and gas and new energy, refining and chemical sales and new materials, support and services, capital and finance, and establish a set of systems and mechanisms with close coordination, internal connection and mutual support, We will promote comprehensively deepening reform.

This is a historic change. As China’s largest oil giant and the world’s third largest oil enterprise, in the context of low-carbon transformation, Petrochina Company Limited(601857) from the past, focusing entirely on oil and gas, began to develop new energy and oil and gas at the same time, and became the first of the four business sectors.

\u3000\u3000 “During the 14th Five Year Plan period, Petrochina Company Limited(601857) will focus on the clean substitution of energy for production to achieve a good start and rapid development of new energy business. Develop geothermal, distributed wind and photovoltaic power generation, centralized wind, gas and power integration and other businesses on a large scale; strengthen the strategic layout of hydrogen energy, new materials, CCS / CCUs and new energy services; reserve a number of clean and low-carbon key cores in advance Technology and strive to promote the transformation of Petrochina Company Limited(601857) to an oil, gas, thermoelectric and hydrogen comprehensive energy company.

”Hou Qijun, general manager of Petrochina Company Limited(601857) said at the Petrochina Company Limited(601857) International Cooperation Forum and signing ceremony in 2021.

Among them, hydrogen energy is regarded as the ultimate energy with great development potential in the world. Therefore, Petrochina Company Limited(601857) speed up the pace, meet the difficulties and face the challenges of hydrogen energy utilization involving “preparation, storage, transportation, application” and other links.

In May 2021, Petrochina Company Limited(601857) officially established the hydrogen energy research institute and joined the China hydrogen energy alliance, marking that Petrochina Company Limited(601857) officially pressed the acceleration key in tackling key scientific and technological problems in the field of hydrogen energy. In order to give full play to its basic advantages in the field of chemistry, chemical industry and new materials, build a multi-component hydrogen supply of blue hydrogen and green hydrogen, hydrogen electricity and electricity hydrogen conversion, and establish a supply chain for hydrogen storage, transportation and terminal filling.

At present, Petrochina Company Limited(601857) hydrogen production capacity exceeds 2.6 million tons / year Petrochina Company Limited(601857) relevant person in charge introduced that according to the three-step overall deployment of “clean substitution, strategic succession and green transformation”, the Petrochina Company Limited(601857) hydrogen energy industry chain will develop in coordination with the natural gas industry chain and renewable energy. In the near future, the existing hydrogen production capacity and by-product hydrogen resources will be combined with carbon dioxide capture and utilization to realize “blue hydrogen” supply, and 20 hydrogen purification projects will be deployed and constructed, It covers seven regions including Bohai rim, Shaanxi Gansu Ningxia, South China, Southwest China, Xinjiang, Heilongjiang and Jilin, focusing on meeting the demand for hydrogen for urban transportation.

Petrochina Company Limited(601857) of the “hydrogen energy family” also showed their skills at the current Beijing winter (Paralympic) Olympic Games.

In addition to building the first green hydrogen fuel torch in the history of the Winter Olympics, Petrochina Company Limited(601857) also added the “first shot” to ensure the hydrogen energy of the Winter Olympics. In Petrochina Company Limited(601857) Huabei Petrochemical, a new by-product hydrogen purification project was built and put into operation in only two months. A 500 standard m3 / h by-product hydrogen purification unit was put into operation, and the purity of produced hydrogen reached more than 99.999%. In the Beijing Winter Olympics competition area, Petrochina Company Limited(601857) jointly built four hydrogen refueling stations, with a hydrogen supply capacity of 5500kg / day during the Winter Olympics, which can provide services for nearly 1000 hydrogen fuel cell vehicles, with an estimated mileage of more than 2 million kilometers.

The relevant person in charge of Petrochina Company Limited(601857) said that in the future Petrochina Company Limited(601857) will deploy hydrogen purification projects in an orderly manner, actively promote the construction of “oil, gas, hydrogen, electricity and non” comprehensive energy service station, improve the supply capacity of transportation hydrogen, explore the industrial hydrogen market within the economic radius, and form a green development growth pole dominated by oil and gas and complemented by multiple energy.

technological innovation to reduce carbon emissions

As the only member of ogci (oil and gas industry climate initiative organization) in China, Petrochina Company Limited(601857) has an early layout of carbon emission reduction.

After the 2015 Paris climate conference, Petrochina Company Limited(601857) began to lay out technological innovations related to the oil and gas industry. In addition, the green and Low-carbon Science and technology special project set up by Petrochina Company Limited(601857) previously systematically combed the green and low-carbon technologies, formed a series of technical reserves, comprehensively established the system optimization system of energy and the system optimization technical training of energy, realized the overall control of energy flow and carbon flow, and effectively controlled greenhouse gas emissions.

Public data show that compared with 2019, Petrochina Company Limited(601857) 2020 greenhouse gas emissions per unit of oil and gas production equivalent decreased by 11%.

For carbon emission treatment, Petrochina Company Limited(601857) has significant resource and technical advantages in the development of CCS / CCUs (negative carbon technology) industry. At present, carbon storage and utilization technology is at the leading level in China, and ccus-eor (carbon dioxide capture, utilization, storage and improvement of oil recovery) industrial projects have the largest number and scale in China.

CCUs is a carbon dioxide capture, utilization and storage technology, which can capture industrial carbon dioxide and inject it into the underground for oil displacement. At the same time, it can realize the high-efficiency buried storage of carbon dioxide. It is a green development technology to realize carbon emission, turn waste into treasure, improve the recovery rate of low-permeability oilfield, achieve the parallel of oil displacement and buried storage, and pay equal attention to both benefit and environmental protection.

Under the policy of enterprise development strategic deployment and industrial adjustment, Petrochina Company Limited(601857) continue to strengthen the construction of scientific research system and realize the technological innovation and leading advantage of low-carbon development. Since the 13th Five Year Plan period, Petrochina Company Limited(601857) has developed 24 major equipment software and 29 key core technologies, and built and put into use 16 demonstration projects and 9 demonstration areas. Among them, carbon dioxide flooding in Jilin oilfield is the first full process demonstration project in China, with a cumulative storage of more than 2 million tons of carbon dioxide. The company’s green and low-carbon technology innovation and application system has initially taken shape.

During the 14th Five Year Plan period, Petrochina Company Limited(601857) will carry out carbon dioxide oil displacement scale demonstration in four oilfields in Jilin, Daqing, Changqing and Xinjiang, launch pilot tests of carbon dioxide oil displacement and buried storage in six oilfields in Liaohe, Jidong, Dagang, North China, Tuha and South China, and strive to achieve 5 million tons of injection scale and 1.4 million tons of oil production by the end of the 14th five year plan, Continue to maintain China’s leading position.

While reducing carbon emissions, Petrochina Company Limited(601857) also uses scientific and technological innovation to reduce the direct impact of methane, a characteristic pollutant developed by the oil and gas industry, on the cleanliness of natural gas. In terms of methane emission reduction, Petrochina Company Limited(601857) plans to reduce the amount of methane per unit of natural gas commodity by 50% in 2025 compared with 2019, and strive to reach the level of methane emission control of world-class companies.

In July 2021, the national carbon emission trading market was officially launched. On this carbon market trading platform with the largest carbon emission of enterprises in the world, Petrochina Company Limited(601857) is not only one of the ten enterprise groups that have obtained the “first day trading group certificate of national carbon market”, but also promoted and witnessed the formal establishment of China’s carbon trading system as the first batch of participants.

In the future, the petrochemical and chemical industries will be gradually incorporated into the national carbon emission trading market. Petrochina Company Limited(601857) will continue to deepen the carbon asset management capacity, realize the efficient operation of carbon trading, build a green and low-carbon industrial chain, and make positive contributions to the green and low-carbon development of Petrochina Company Limited(601857) industry.

- Advertisment -