As one of the world's largest energy companies, we, BP, have charged ourselves with the responsibility to provide our customers with the energy for heat, light and mobility for today and the sustainable future.

Technology for greater energy security

BP estimates that global demand for energy will increase by some 45% between now and 2030 and 80% percent of the world’s energy demand by then would still be met by fossil fuels. To help the world meet its growing need for energy in a sustainable way, we strive to develop and deploy breakthrough technologies to access and supply energy more efficiently.

Deep-water hydrocarbon resources represent an opportunity and also a challenge for the industry. Globally more than 20% of world oil and gas production is now coming out of deep water or subsea, which is expected to rise to more than 35% by 2010.  By applying cutting-edge technology, BP has already successfully explored the deep-water world offshore Angola, the Gulf of Mexico, Egypt and in the near future Libya. In September 2009, BP announced a new giant oil discovery in the deepwater of Gulf of Mexico, the deepest well ever drilled by the oil and gas industry.

In China, BP has been actively engaged in energy research and development activities, aiming to develop clean, sustainable and local energy solutions to support Chinese economic growth.

Our Clean Energy Commercialization Centre joint venture in China supports collaboration among research institutes, enterprises and other institutions to improve indigenous Chinese innovation capabilities and market applications in areas such as clean coal conversion, near zero emission technologies, and carbon capture and storage. 

Partnerships for mutual advantage

In China, the majority of our business activities are in partnerships. We operated China’s largest offshore gas field for 8 years and continue to participate in it in partnership with China National Offshore Oil Corporation (CNOOC). We have demonstrated the benefit of combining our experience in operating world-class petrochemicals plants and retail service stations with the local market knowledge from Sinopec, PetroChina and other Chinese partner companies.

Environmental technologies play an important part of BP’s university programme. In China, BP’s Clean Energy Facing the Future programme at Tsinghua University and the Chinese Academy of Science is looking at potential breakthroughs in clean energy technologies to enable China to meet its huge future energy demand without damaging the environment. The programme studies energy strategies and models the impact of energy policy choices. This work can have a profound impact on both China and the world’s future.

Built on existing partnerships, BP and China National Petroleum Corporation (CNPC) have successfully secured the opportunity to develop Iraq’s large Rumaila oilfield. 

Investing in a low carbon future

BP is a pioneer in China's Liquefied Natural Gas (LNG) business. We are the first multinational company to be involved in building China's first LNG import terminal project. In addition to driving China’s emerging LNG market, BP also partnered with Sun Yat-Sen University (SYSU) to set up the "SYSU -BP Centre for LNG Education, Training and Research" in Guangzhou, an institute designed to develop a local talent pool for the industry.

In 2005, we set up a solar joint venture to develop solar photovoltaic business in China. Since 2007, the JV has undergone three expansions.  Now the JV has established 10 production lines, and manufacturing capacity has increased from 25 MW in 2005 to 183 MW today.

Prior to the solar joint venture, BP was involved in the Shenzhen Green Garden project, one of China's largest on-grid solar power generation projects, as well as the "Solar Sail" demonstration project in Guangzhou, which helps promote the potential and knowledge of solar power in this southern metropolis.

Working with local communities

BP believes the local communities should benefit from BP’s presence wherever we operate. In China BP has supported various education programs as education plays a fundamental role in sustainable development.  BP’s 10-year Environmental Educators’ Initiative is an environmental education programme in partnership between Chinese Ministry of Education and WWF China. The programme successfully made Education for Sustainable Development an integral part of the formal education curriculum for 200 million Chinese primary and secondary schoolchildren.

To address the challenge of climate change and respond to the Chinese government’s call on energy saving and emission reduction, we are working closely with university students – leaders and consumers of the future - to take action at various levels. Starting in 2008 BP worked in partnerships with universities, local governments, and NGOs in Liaoning Province, Shanghai and Beijing to improve the awareness and skills of students in adopting a low carbon life style.

To know more about BP, please visit www.bp.com.cn