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Survey and Strategy Suggestions on Low Carbon Technology Innovation of Chinese Petrochemical Industry

In the context of global climate warming, Chinese petrochemical industry undertakes great pressure and responsibilities of CO2 emission reduction under the premise of national energy safety. From international experiences, green and low carbon becomes the development trends of petrochemical industry worldwide. The survey on relevant petrochemical enterprises summarizes the motivations, current ways, difficulties, and expected supports from governments in low carbon technology innovation. Based on the survey, the paper argues that technology innovation require integration of energy conservation, emission reduction and industry upgrading for the target of harmonious development of economy, society and environment. The choices of cost leadership, integration innovation, follower innovation, and industrial cluster are suggested when making innovation strategy by Chinese petrochemical industry.