Sinopec Successfully Completes China's First Industrial Application of Crude Oil Steam-Cracking Technology
* The chemical yield of nearly 50 percent has reached internationally-advanced levels. * The technology significantly shortens the production process, lowers production costs and reduces carbon dioxide emissions. * Sinopec's next step is to build a million-ton industrial demonstration plant...
Sinopec Signs Long-term Contract with Venture Global LNG
BEIJING, Nov. 4, 2021 /PRNewswire/ -- China Petroleum & Chemical Corporation
(HKG: 0386, "Sinopec") has signed a 20-year liquified natural gas (LNG)
contract with U.S. LNG producer and exporter Venture Global LNG onNovember 4,
2021, to purchase 4 million tons of LNG a year.
Sinopec Exploits Shale Oil in Shengli Oilfield with Estimated Reserves of 458 Million Tons
* Producing 171 tons of shale oil daily, the Fanye-1 Well sets China's highest production record for a single shale oil well. * 1 million tons of shale oil production capacity expected to be built in the next five years. * Initial estimates of shale oil resources in the region amount to 4 bi...
Sinopec's Ultradeep Prospecting Well to Produce 400,000 Cubic Meters of Shale Gas Daily
CHONGQING, China, Nov. 1, 2021 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has announced that the Dongye Deep 2 key shale gas prospecting well developed by Sinopec Exploration Company in Dongxi, Chongqing, with a buried depth of 4,300 meters, has been tested to pr...
Sinopec Puts Largest Gas Storage Cluster in North China into Operation, Providing 10 Billion Cubic Meters of Gas Storage
BEIJING, Oct. 18, 2021 /PRNewswire/ -- The Wei 11 gas storage facility built by China Petroleum & Chemical Corporation's (HKG: 0386, "Sinopec", "the Company") in its Zhongyuan Oilfield region successfully completed its first gas injection onOctober 18, marking the beginning of official operation ...
Sinopec Puts Largest Gas Storage Cluster in North China into Operation, Providing 10 Billion Cubic Meters of Gas Storage
BEIJING, Oct. 18, 2021 /PRNewswire/ -- The Wei 11 gas storage facility built by China Petroleum & Chemical Corporation's (HKG: 0386, "Sinopec", "the Company") in its Zhongyuan Oilfield region successfully completed its first gas injection onOctober 18, marking the beginning of official operation ...
Sinopec Fuling Shale Gas Field Sets New Cumulative Production Record of 40 Billion Cubic Meters
BEIJING, Oct. 9, 2021 /PRNewswire/ -- China Petroleum & Chemical Corporation's (HKG: 0386, "Sinopec") Fuling Shale Gas Field – the first commercially developed and operated large-scale shale gas field inChina – announced on October 8 that it has produced 40 billion cubic meters of shale gas, sett...
China Certifies First Shipment of Full Life Cycle Carbon-neutral Petroleum
SHANGHAI, Sept. 23, 2021 /PRNewswire/ -- Shanghai Environment and Energy Exchange (SEEE) has issued the first carbon neutral petroleum certificate to Sinopec (HKG: 0386, "Sinopec"), Cosco Shipping and China Eastern Airlines at the certification ceremony forChina's first shipment of full life cycl...
Sinopec Proves China's First 100-Billion-Cubic-Meter Natural Gas Reserve in Sichuan Basin
DEYANG, China, Aug. 17, 2021 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has proved another 34.029 billion cubic meters of natural gas at the Zhongjiang Gas Field, bringing the total known natural gas reserves in theSichuan Basin to 106.1 billion cubic meters fur...
Sinopec Builds World's Largest Disinfectant Production Base
QIANJIANG, China, July 23, 2021 /PRNewswire/ -- Sinopec Jianghan Salt Chemical Hubei Co., Ltd. (the "Company"), a subsidiary of China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec"), has completed a trial run of its new 12,000 tons/year concentrated bleaching powder batch feeder onJuly 23...
Sinopec Closes First Bulk Agreement Transaction of China's National Carbon Market
BEIJING, July 22, 2021 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has successfully closed the first bulk agreement transaction ofChina's national carbon market on July 21, purchasing 100,000 tons of carbon emission quota from China Resources Group. Per the offic...
Sinopec Launches China's First Megaton Scale Carbon Capture Project
BEIJING, July 6, 2021 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has initiatedChina's first megaton carbon capture, utilization and storage (CCUS) project, the Sinopec Qilu-Shengli Oilfield CCUS (the "Project"). It is set to becomeChina's largest whole industria...
Sinopec Builds China's First Carbon-neutral Gas Station
CHANGZHOU, China, May 20, 2021 /PRNewswire/ -- Built by China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec"), the Jiaze Gas Station located in Changzhou, Jiangsu Province is now China's first gas station to achieve carbon neutrality as its distributed photovoltaic power generation project...
Zhang Yuzhuo, Chairman of Sinopec: Accelerating the World-class Brand Build up to Better Lead the High-quality Development of Enterprise
BEIJING, May 11, 2021 /PRNewswire/ -- The "2021 China Brand Value Evaluation Information" released onMay 9 amid the Fifth China Brand Day celebration, China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") ranks No.1 across the energy and chemical industry inChina with a brand value of 308...
Mr. Zhang Yuzhuo, Chairman of Sinopec, Talks about Hydrogen Development
BEIJING, April 26, 2021 /PRNewswire/ -- Mr. Zhang Yuzhuo, chairman of China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec"), shares his perspective on carbon neutrality, the development prospects of carbon neutrality and the overall strategic layout of hydrogen energy, during an interview...
Sinopec's 2020 Performance Leads Global Peers, Strives to Achieve Carbon Neutrality 10 Years Ahead of China's Goal
BEIJING, March 30, 2021 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") announced its 2020 turnover and other operating income of CNY2.11 trillion (US$321.22 billion) and profit attributable to shareholders of CNY33.1 billion (US$5.04 billion) at its annual performanc...
Sinopec Signs Long-term Liquefied Natural Gas Deal of 2 Million Tons per Annum with Qatar Petroleum
BEIJING, March 23, 2021 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") signed a long-term purchase and sales agreement with Qatar Petroleum onMarch 22 via online video conference to purchase 2 million tons of liquefied natural gas ("LNG") every year for a term of 10...
Sinopec's Fixed-point Poverty Alleviation and Pairing Program Lifts Eight Counties Out of Poverty in Response to UN Sustainable Development Goals
BEIJING, Dec. 2, 2020 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has announced that Dongxiang Autonomous County inGansu Province has been lifted out of poverty, the last of the eight counties in Sinopec's fixed-point poverty alleviation and pairing program to er...
Sinopec kickstarts extensive research on CO2 emissions peak and carbon neutral
BEIJING, Nov. 24, 2020 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has established strategic cooperation with three top institutions onNovember 23 in Beijing, China, to take lead in a joint research on the energy and chemical industry's carbon emissions peak and ...
Sinopec's E-commerce Platform Epec.com Closes Deals Totaling Nearly USD 40 Billion
BEIJING, Nov. 5, 2020 /PRNewswire/ -- Epec.com, a professional SC2B e-commerce platform for industrial products launched by China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") in 2017, has listed a total of 1,565 online vendors and more than 14,000 product items since it went online thr...
