Advancing the construction of a beautiful China with a better environment
We must uphold and act on the principle that lucid waters and lush mountains are invaluable assets, and we must remember to maintain harmony between humanity and nature when planning our development. We will accelerate the R&D, promotion, and application of advanced energy-saving and carbon emission reduction technologies, and promote green and low-carbon ways of production and life. We will continue to control pollution in a lawful, targeted, and science-based way, and we will make further efforts to keep our skies blue, waters clear, and lands clean. We will enhance diversity, stability, and sustainability in our ecosystems. We will work actively and prudently toward the goals of reaching peak carbon emissions and carbon neutrality.
—Guiding principles of the 20th CPC National Congress
We will enhance ecological conservation and promote green and low-carbon development. We will further implement the action plan for continuously improving air quality, make coordinated efforts to improve water resources, aquatic environments, and aquatic ecosystems, and better prevent and control soil contamination at the source. Control and treatment of solid waste, new pollutants, and plastic pollution will be stepped up.
We will promote the ecological conservation and improvement of important rivers, lakes, and reservoirs, and carry out major biodiversity conservation programs. We will improve our carbon accounting and verification capacities, develop a carbon footprint management system, and expand the coverage of the national carbon market to more sectors.
—Report on the Work of the Government 2024
Implementing environmental governance to achieve carbon peaking and carbon neutrality goals
Sinopec has always adhered to the principle that "environmental protection takes priority over everything, above everything, and more important than everything", integrating environmental management...
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Conducting low-carbon operations to build a green enterprise
Sinopec incorporates environmental protection principles into every aspect of its production, operations, and development. The Company has rigorously advanced its Green Enterprise Action Plan, enforced environmental...
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Conserving energy and reducing consumption to address climate change
Sinopec firmly adheres to the Party Central Committee's and the State's directives on carbon peaking and carbon neutrality by integrating carbon emission management into its development strategy....
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Undertaking ecological protection to preserve a clean environment
Sinopec attaches great importance to environmental protection and strictly abides by environmental laws and regulations in all its business activities. The Company has strengthened its identification and evaluation of...
MORE>Key Topics
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"The petrochemical industry is an important pillar of the national economy. I hope you will align with the Central Committee of the Communist Party of China's (CPC) vision for new industrialization, uphold the principles of green and intelligent development, work hard to achieve solid progress, and make new contributions to ensuring national energy security and advancing the high-quality development of the petrochemical industry".
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In recent years, 60% of newly discovered global oil and gas reserves have been found in deep strata, indicating significant resource potential. China's deep and ultra-deep oil and gas reserves total 67.1 billion tonnes of oil equivalent, accounting for 34% of the country's total oil and gas resources. As a result, deep and ultra-deep formations have become the main battlefields for major oil and gas discoveries in China, making deep-earth drilling a strategic scientific and technological challenge that must be addressed. In response, Sinopec has ramped up its efforts in deep oil and gas exploration and development. By closely aligning the progress of the Shendi Engineering Project with the new energy security strategy of "Four Revolutions and One Cooperation" (energy consumption revolution, energy supply revolution, energy technology revolution, and energy system revolution, along with international cooperation), the Company has achieved major breakthroughs in deep oil and gas enrichment theory and deep earth technology. It has also established large-scale production capacity, solidifying its position as a leading force in China's deep oil and gas industry.
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The refining and chemical industry is key to China's pursuit of carbon neutrality. Although the industry's energy consumption and raw material needs cannot be entirely met through electrification, green hydrogen—produced directly using renewable energy sources such as solar and wind power—serves as an alternative. With no greenhouse gases emitted during its production, green hydrogen is regarded as an important path for advancing green transformation within the sector. In accordance with its hydrogen-electricity integration strategy and green hydrogen initiatives for carbon reduction, Sinopec has been actively expanding wind and photovoltaic power generation by utilizing its refining and chemical bases. The Company has launched large-scale projects encompassing renewable energy generation, hydrogen production, storage, and utilization, aimed at promoting large-scale green development within the refining and chemical industry. Additionally, Sinopec has intensified its focus on green hydrogen applications in refining and chemicals, building new momentum to support its green development, ultimately achieving its carbon peaking and carbon neutrality goals.
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In response to evolving automotive energy demands and changing market dynamics, the Company has actively explored new approaches to gas station development. Establishing integrated energy service stations has become a strategic, forward-looking, and transformative industry trend, the core of which is "integration", focused on creating a diversified product and service ecosystem centered around "people, cars, and lifestyle".
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A country's strength lies in the strength of its youth, and a nation's future is promising only when its youth has a bright future. In recent years, the increasing prevalence of myopia among young people, with its early onset and severe impact, has raised serious concerns for their physical and mental health. General Secretary Xi Jinping has emphasized that " the entire society must take action to jointly protect children's vision and ensure they have a bright future".
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2023 marks the 10th anniversary of General Secretary Xi Jinping's proposal to jointly build the BRI. Over the past decade, as the BRI develops, Sinopec has aligned with global trends and upheld the principles of "joint consultation, joint construction, and shared benefits" to deepen international energy cooperation, forging strong, multifaceted, in-depth partnerships with BRI-participating countries and establishing a long-term, sustainable, and people-centered cooperation model. These efforts have contributed to the high-quality development of the BRI, achieving new milestones. In October 2023, Sinopec released its first Sinopec Corporate Social Responsibility Report on the 10th Anniversary of Supporting the Belt and Road Initiative, showcasing its commitment to promoting sustainable development in participating countries over the past decade.
