Sinopec Capital Predicts an End to "the Burning Era" and a Greener Future Dominated by Electric Vehicles
BEIJING, Jan. 20, 2019 /PRNewswire/ -- China Petrochemical Corp. (Sinopec Group) today announced that Huang Wenshang, Chairman of Sinopec's Investment arm, delivered a keynote speech on January 13th at the China EV100 Forum 2019. Huang urged the human race to "go beyond the 'burning era', to give-up fossil fuels, embrace electrification and work towards a greener future where electric vehicles dominate cities' roads." "My proposal, 'Crossing the Burning Era', is based on the profound impact each revolution in the production and consumption of energy has had economic activity and social life. Electrification, thanks to advances in power storage that have boosted the efficiency of electricity utilization, has the potential to be the next energy revolution. Because of this, we predict that the adoption and application of electrification will accelerate," said Huang. Leveraging Sinopec's strength across the entire business value chain, Sinopec Capital will seek to identify and foster emerging technologies in China's energy system to transform the industry into a greener, cleaner, and more sustainable sector. For more information, please refer to http://www.sinopecgroup.com/group/en.