Sinopec Acquires Trillion Cubic Meters of Shale Gas Resources in Southwestern Sichuan, China
CHONGQING, China, July 4, 2022 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has reported that it has achieved a daily production capacity of 530,000 cubic meters of shale gas onJune 30 in its Xinye Well-1 in Qijiang,Chongqing, confirming the 100 billion cubic mete...
Sinopec Hosts 2021 Annual Performance Conference, Calls To Embrace Green Evolution and Build Low-Carbon Competitive Advantages
BEIJING, March 31, 2022 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec" or "the Company")hosted its 2021 annual performance conference on March 28 in Beijing via webinar. Per International Financial Reporting Standards, Sinopec's 2021 turnover and other operating inco...
Sinopec Completes China's First Megaton Scale Carbon Capture Project
The Qilu-Shengli Oilfield CCUS will reduce carbon emissions by 1 million tons per year BEIJING, Jan. 29, 2022 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has completed the construction ofChina's first megaton carbon capture, utilization and storage (CCUS) projec...
Major Strategic Breakthrough of Sinopec's Shale Oil Exploration: Three Prospecting Wells in Subei Basin Record High Oil Flow with 350 Million Tons of Estimated Reserves
BEIJING, Dec. 16, 2021 /PRNewswire/ -- China Petroleum & Chemical Corporation's (HKG: 0386, "Sinopec") has reported another strategic breakthrough of shale oil exploration. This time, its subsidiary Sinopec East China Petroleum Bureau has recorded high-yield shale oil flow in three prospecting we...
Sinopec Lands World's Largest Photovoltaic Green Hydrogen Production Project in Kuqa, Xinjiang
* With total investment of $470.77 million, the project will produce an annual output of green hydrogen reaching 20,000 tons when put into operation. * With an expected reduction of carbon dioxide emissions by approximately 485,000 tons a year. * The project will contribute an average of $20...
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...
