China Petrochemical Corporation, or Sinopec, is one of the worlds largest petrochemical companies, with a presence in over 70 countries. Based in Wuhan, China, Sinopec is the worlds second largest oil refiner and one of the largest publicly-traded companies by market capitalization.
Sinopec is a vertically integrated public enterprise engaged in the production and sales of oil, gas, petrochemicals, and other energy products. The company operates eight key business areas, including oil refining, petrochemicals, petroleum chemicals, natural gas, liquefied petroleum gas and gasoline, refining and chemical engineering construction, and import and export.
For more than half a century, Sinopec has been one of the flagship companies of Chinas economy. The company is committed to providing quality products and reliable services to customers in China and around the world, as well as to social responsibility in sustainability and environmental protection. Sinopec has pioneered new technologies and products, such as safe and environment-friendly fuels and oils, by technological innovation.
Sinopecs substantial resources and expertise have enabled it to build an innovative and diverse portfolio of products and services that meet the needs of the energy and petrochemical industries.The company produces crude oil, natural gas and chemicals, including propylene, ethylene, benzene and polythene. In addition, Sinopec offers a wide range of petrochemical products, including lubricants, motor oil and petroleum additives, automotive glass and glazing compounds, as well as industrial chemicals such as dyes and intermediates.
In the area of oil refining, Sinopec is the worlds largest refinery. The company operates dozens of refineries in China, with a combined capacity of more than 28 million metric tons of petroleum products a year.Sinopec also has a strong presence in the natural gas and electricity sector, with total production capacity reaching 10.6 million tons of oil equivalent annually. The company operates 20 natural gas processing plants in China and has a majority stake in the Yanchang gas field.
Sinopec has also developed significant investments in the exploration and production of oil and natural gas over the years. With more than 35 billion barrels of proven oil reserves, Sinopec is one of the top exploration companies in China and the third largest oil producer.
As a provider of advanced technologies and industry solutions, Sinopec has formed alliances with Siemens, ABB, Dow and Johnson Matthey, among others, to manufacture high-end petrochemical products.
Sinopec has also established an advanced innovation system, with five research and development centers in different regions focusing on oil and gas exploration, refining, petrochemicals and solar energy. The company commits to an innovative approach on technology and developing new products for a sustainable future.
With a long commitment to energy security, Sinopec is focusing on the development of new resources in oil and gas, renewable energy sources, and sustainable technologies to promote economic growth and benefit society. Sinopec is committed to making a positive contribution to the world through innovative science and technology, as well as good corporate citizenship.
