Abstract: Carbon peaking and carbon neutrality goalsare challenges facing the petroleum processing industry and important opportunities for the industry to achieve high-quality development.The low-carbon development of petroleum processingindustry needs to coordinate the relationship between the whole and the part, development and emission reduction, short-term and long-term, and choose different emission reduction paths according to specific emission reduction scenarios.The technologies including energy efficient utilization, resource efficient utilization, resource recycling, renewable resource utilization, low-carbon refining process, green hydrogen refining, CO₂ chemical utilizationandintelligent technology can provide low-carbon development support at different stages of industry development, and help the refining industry to achieve the carbon peaking and carbon neutrality targets as soon as possible.

Key words: oil refining, low-carbon development, green hydrogen, biofuel