BP is part of China's energy solutions
As early as the early 1970s, BP introduced advanced chemical technology to China, which at that time had a shortage of chemical products, and technology. In the 1980s, BP helped China successfully power resurgent economy through jointly exploring and developing offshore oil and gas with Chinese partners. Toward the middle of the 1990s, answering Chinese government's call to "GO West", BP established YARACO in Southwestern Chongqing in partnership with Sinopec, being one of the first MNCs which invested in the west regions of China.
Since the middle of 1990s, with Chinese energy demand surging and international energy prices soaring, "energy security" became a much-discussed theme in China. How can China secure accessible, affordable, sustainable energy for economic development and the improvement of people's life without harming environment? How can China improve energy structure to enhance China's energy security? China is confronting such urgent energy issues, which request innovative and effective energy solutions.
Achieving energy security through approaching renewable energy, clean energy and coal cleansing--the solutions BP suggested have received high praise from the Chinese government. In the aforementioned areas, BP has also taken substantial steps in pushing forwards their developing process.
As a leading renewable energy manufacturer, BP brought its alternative energy technologies to China and promoted alternative energy in the country through localizing the production of solar power units and a series of solar power demonstration projects. For wind power, BP has been ready for making further progress with its Chinese partners in constructing wind power plants in China's wind-rich regions. For BP, turning renewable energy into green power to lighten the life of average Chinese people is an ambitious career which deserves great efforts.
BP is also a pioneer in China's clean energy, since it was the only MNC involved in the building of China's first Liquid National Gas (LNG) terminal project. In addition to driving the emerging LNG industry of China, BP also partnered with Sun Yat-Sen University (SYSU) to set up "SYSU -BP Center for LNG Education, Training and Research" in Guangzhou, an institute designed to form a human resources pool for the industry. In BP's point of view, promoting clean energy in China is favorable for diversifying China's energy structure to strengthen energy security and decreasing China's carbon emission as well.
BP and its Chinese partners have also been dedicated to coal cleansing technological development and commercialization. For China, the biggest coal producer and the second biggest energy consumer in the world, coal cleansing will help reduce its dependence on imported oil and gas and decrease the harm of coal burning to environment. It is with benefits for both energy security and environmental protection that makes coal cleansing commercialization such a promising career for not only BP but for the whole of China.
Other than developing renewable energy, clean energy, and coal cleansing, BP has also promoted energy saving in China by means of introducing leading energy-saving ideas and technologies to China and applying them into its joint ventures. Those ventures, such as SECCO and Zhuhai PTA, have already become shining models of energy saving in China.
BP has been committed to China's energy industry and energy security since it started its exciting journey in China in the early 1970s. And it is just a beginning.