Sinopec Releases 10 Significant Achievements of High-Quality Development

BEIJING,Oct. 14, 2024/PRNewswire/ --China Petroleum& Chemical Corporation(HKG: 0386,"Sinopec") has released the group's significant achievements in promoting high-quality development and supportingChina'smodernization process for the very first time at a special event onOctober 10thinBeijing, China.

The 10 significant achievements cover the scopes ranging fromenergy security,industrial development,green and low-carbon progresstotechnological innovation, improving livelihood and more, and they are vivid epitome of the high-quality development ofChina'stop enterprises:

1. Project Deep Earth No.1sets a new benchmark for oil and gas industry development; it has implemented four oil and gas zones of hundred million-tone scale and accentuatedChina'sposition in the industry.

2. The complete aromatic hydrocarbon technology solutiondrives future breakthroughs with innovation, makingChinathe world's third country to own the technology and reach new height at a new starting point.

3. The Fuling shale gas field,China'sfirst commercially developed shale gas project, leading the shale evolution in the East, has delivered nearly 70 billion cubic meters of gas to the Yangtze River Economic Belt region.

4. The million-ton CCUS pilotproject anchors global carbon neutrality trends.

5. Sinopec's complete geothermal energy pilotproject is providing heat for the city of Xiong'an.

6. Sinopec's world-class ethylene basehas set new industry benchmarks.

7.  Sinopec has upgraded the premium petroleum products fuel standard fromNational 1 Standard to National 6.

8.  Sinopec is leadingshale oil development inChina'sonshore faulted basin.

9.  Sinopec has implemented a wide range of green actions to usher green development of the industry.

10. The Kuqa green hydrogen pilotproject in northwestChinaunfolds a new chapter of green energy. The mega project is the largest solar-to-hydrogen project in the world and serves to carve out a new path for green hydrogen refining and provide an exemplary model for green hydrogen production in China.

"As we embark on the new journey, Sinopec will thrive forward to shoulder the core responsibilities and make unremitting efforts to secure energy, pave the path of new industrialization, and stand up in sci-tech innovation with resilience, with a people-centered approach, and gather more forces of progress,"commentedMa Yongsheng, chairman of Sinopec."Sinopec is committed to lead the industry development and to set more industry'firsts'as part ofChina'scourse of modernization."

SOURCE SINOPEC