Guaranteeing diversified energy
security with cleaner energy
We will thoroughly advance the energy revolution. Greater efforts will be made to explore and develop petroleum and natural gas, discover more untapped reserves, and increase production. We will speed up the planning and development of a system for new energy sources, and strengthen our systems for energy production, supply, storage, and marketing to ensure energy security. Setting our sights on the global frontiers of science and technology, national economic development, the major needs of the country, and the health and safety of the people, we should speed up efforts to achieve greater self-reliance and strength in science and technology.
—Guiding principles of the 20th CPC National Congress
We will do more to ensure energy and resource security by stepping up the exploration and development of oil, natural gas, and strategic mineral resources. We will advance the energy revolution, tighten control over fossil fuel consumption, and work faster to develop a new energy system. To meet major national strategic demands and demands of industrial development, we will launch a number of major science and technology programs. We will take a holistic approach to national security, with a focus on strengthening the national security system and capacity.
—Report on the Work of the Government 2024
Guaranteeing energy security across the entire industry chain
Sinopec has assumed the responsibility of leading industry development, focusing on building an industrial framework centered on energy resources, supported by clean oil products and modern ...
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Leading energy transformation and upgrading with clean energy
Sinopec has built a clean and low-carbon energy supply system covering various energy sources. The Company is actively developing emerging sectors such as hydrogen energy and rapidly advancing clean...
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Promoting high-end and diversified development of the modern chemical indusry
With the goal of "becoming a world-class chemical company, pursuing high-tech development, and achieving refining and chemical integration", Sinopec has proactively led the transformation from "oil to...
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Empowering digital production through technological innovation
Sinopec regards technological innovation as the core driving force for developing new quality productive forces and remains committed to its role as a "national strategic force in science and technology". The Company has...
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Strengthening workplace safety to support economic development
Sinopec strictly adheres to its workplace safety management system, implementing comprehensive risk assessments, hazard identification, and management procedures. The Company has...
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.
