as a super partner

China

China, a global powerhouse in various sectors, stands at the forefront of the energy industry, playing a pivotal role in shaping the landscape of natural gas, crude oil, and clean energy. Its diverse energy portfolio and technological prowess position it as a global leader, influencing both the Belt and Road Initiative (BRI) and the broader energy industry. As the world grapples with the energy demand, China's influence in the field extends beyond traditional boundaries, especially resonating in the petrochemical industry and renewable energy.

China's multifaceted influence in the energy sector, from traditional resources to cutting-edge technologies, positions it as a global leader. As a business partner, China's significance is not only substantial but also transformative, offering a gateway to a future where innovation and sustainability intersect on a grand scale. In the ever-evolving landscape of the energy industry, collaboration with China is not just advantageous; it is an investment in a future where progress knows no bounds.

Global Value Grid

China's Multifaceted
and Unraveling Effect in GVG

Energy Resources in China

China boasts a diverse and abundant portfolio of energy resources, encompassing natural gas, crude oil, and a burgeoning focus on clean energy solutions. The nation's strategic positioning in these domains has catapulted it into a position of significance on the world stage.

Global Dominance in Energy and Petrochemicals

China's ascent to becoming an energy superpower is evident in its remarkable contribution to the global energy and petrochemical landscape. The country's rapid industrialization and technological advancements have placed it at the forefront of innovation, making it a driving force in meeting the world's energy demands.

Empowering the Belt and Road Initiative (BRI)

At the core of China's global influence is the Belt and Road Initiative (BRI), a monumental project that not only connects nations but also strategically places China as a key player in the global economy. The BRI intertwines with the energy sector, amplifying China's impact on the international stage.

China's Role in the Global Economy and Energy Industry

China's prowess in the energy sector extends beyond its borders, reflecting its integral role in the global economy. The nation's commitment to sustainable practices, coupled with its relentless pursuit of innovation, positions it as a trailblazer in a world increasingly focused on clean and renewable energy sources.

Technological Innovation and the Metaverse Frontier

In addition to its dominance in traditional energy sectors, China stands at the forefront of technological innovation. The country is a key player in shaping the future of the Metaverse and continues to drive advancements in cutting-edge technologies. This commitment to innovation echoes throughout its energy sector, paving the way for sustainable solutions and a more interconnected world.

Strategic Business Partnership

For businesses venturing into the energy and petrochemical realms, partnering with China is not merely a choice but a strategic imperative. China's unparalleled position in the global energy landscape and its commitment to innovation make it an invaluable ally for those seeking to thrive in a rapidly evolving industry.

A 2023 Analysis

China' Economic and Energy Sector
Overview

GDP
16.9% of Global GDP (2023)
$ 10 T
Currency reserve
The Highest Foreign Exchange Reserves Globally
$ 10 T
Oil Consumer / Importer

The 2nd Largest Oil Consumer and Largest Oil Importer

10 nd
Gas Consumer
The 3rd Largest Gas Consumer
10 rd
Gas Producer
The 4th-largest Gas Producer
10 th
Gas importer
The 2nd of Natural Gas, Liquefied in 2022
10 nd
Foreign Investments
The 2nd Largest Recipient of Foreign Direct Investments (FDI), $189 billion in 2022
10 nd

Oil and Gas Expansion

  • $120B by 2025

Petrochemical Expansion

  • $35B in Petrochemical Projects by 2025
  • Petrochemical FDI Attraction: Saudi Arabia Investing in China’s Downstream Petrochemical Industry

Energy Transition

  • $890B, Accounting for all of the Investment Growth across the Chinese Economy in 2023
  • The Primary Catalyst Behind China’s Overall Economic Growth, Contributing to 40% of the GDP Expansion in 2023

Decarbonizing

  • $22T for the 2020-60 Period

Cryptocurrency

  • $209.7B in Digital Yuan, 2022
  • Blockchain Technology Market: $1.4B in 2022

Metaverse Market

  • $35B in Petrochemical Projects by 2025
  • Petrochemical FDI Attraction: Saudi Arabia Investing in China’s Downstream Petrochemical Industry

Investment in BRI

  • $651B in BRI by 2030
  • Invested up to US$1T and Signed +3,000 Cooperation Projects until 2023
  • BRI Green Energy Engagement; $2.7B in 2022: Green energy engagement (solar, wind, hydro) in 2022 increased by 50%
  • BRI Blockchain: Establishing a Resource-sharing Platform With BRI Countries to Foster the Development of the Blockchain Industry

Oil and Gas Expansion

  • Gas Expansion
    • The Bozhong 28-2 South Oilfield Second Adjustment Project and The Shenfu Block Mugua Zone Project: Peak Production to total 87 billion cubic feet in 2024
    • About 30 Regasification Terminal Projects under Construction: Sinopec Longkou LNG Project, Tianjian PipeChina LNG 3 Project, Yingkou LNG, etc.
  • Oil Expansion
    • The Lufeng 12-3 Oilfield Development Project: peak output of about 29,500 bbl/d in 2024

Renewable Energy for Energy Transition

  • Gansu Wind Farm Project in China by China Longyuan Power Group
  • Green Hydrogen
    • Green Hydrogen and Ammonia Project in China by CPEC (China)
    • PV Hydrogen Project in China by CPEC (China)
  • Decarbonizing
    • PetroChina karamay CCUS/EOR project by CPEC (China)

Technology

  • USD7.6 billion investment in a Gigafactory in Hungary by CATL