Chemical companies should adjust industrial structure, save energy and reduce emissions, and foster strategic emerging industries

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News vice president of China Petroleum and Chemical Industry Federation of Chinese drying wire mesh Zhaojun Gui said that with the international macroeconomic growth slowed down, at this stage, it is the most opportune time petroleum and chemical industry restructuring. Oil and chemical companies should take the adjustment of industrial structure, energy conservation and emission reduction, and strategic emerging industries as the starting point and focus, and accelerate the pace of structural adjustment, transfer, and transformation and upgrading. He believes that low-speed macroeconomic growth may continue for some time. Accelerating the transformation of economic growth patterns, learning to develop in low growth, and surviving and competing at low prices is the fundamental way out for oil and chemical companies to overcome market difficulties, enhance their competitiveness, and maintain sustainable development.

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