Latest news with #ChinaPetroleum&ChemicalCorporation
Yahoo
02-07-2025
- Business
- Yahoo
Sinopec Wins Technological Innovation Award at 2nd Sino-European Corporate ESG Best Practice Conference
STUTTGART, Germany, July 02, 2025--(BUSINESS WIRE)--China Petroleum & Chemical Corporation ("Sinopec", HKG: 0386) has won the "Best Scientific and Technological Innovation Practice" award at the 2nd Sino-European Corporate ESG Best Practice Conference (the "Conference") on June 26 in Stuttgart. Sinopec's case submission of Breakthrough in Depth, Climb to New Heights — Empowering the Energy and Chemical Industry with Technological Innovation stood out among numerous entries. The Conference reviews and awards the best ESG application cases in six areas of environmental protection, social responsibility, corporate management, scientific and technological innovation, education, and training to further enhance mutual understanding between Chinese and European businesses, facilitate bilateral economic and trade exchanges, and showcase China's open, inclusive and confident mindset to European society. "Sinopec has harnessed technological innovation as a powerful engine in its journey toward carbon peaking and carbon neutrality," the jury panel said. "By focusing on strategic areas such as oil and gas exploration and development as well as green and low-carbon transformation, the company is vigorously advancing high-end, intelligent, and green development." Leveraging its integrated, full-industry-chain innovation capabilities, Sinopec is scaling up clean energy solutions and decarbonization in production to continuously empower social development. Driven by innovation, Sinopec's Project Deep Earth, hailed as the "Mount Everest underground," aims to unlock ultra-deep oil and gas reserves and light up the green future of the earth. In shale gas exploration and development, Sinopec's Fuling Shale Gas Field is the first in China with commercial development, boasting reserves of hundreds of billions of cubic meters. In promoting the green and low-carbon technology, Sinopec built China's first megaton CCUS project and the world's first 100-kilometer CO₂ pipeline. Sinopec collaborates with Shell, China Baowu and BASF on a joint study for the first 10-million-tonne open-source CCUS project, providing a new decarbonization pathway that combines emission reduction and carbon sequestration. Innovation is powering Sinopec to continuously break new ground and achieve intelligent transformation. In 2024, the world's first intelligent ethylene factory based on digital twin technology was put into operation, and Sinopec's AI digital employee is now on duty at over 40 integrated energy stations to provide smart services to customers. At the Conference, Sinopec also released the "World Energy Outlook 2060" report, its first energy and chemical industry development report released in Europe. View source version on Contacts PR Contact: EncycloVision (Shenzhen) Brand Communication Co., ZhouEmail: evisionsinfo@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
02-07-2025
- Business
- Business Wire
Sinopec Wins Technological Innovation Award at 2 nd Sino-European Corporate ESG Best Practice Conference
STUTTGART, Germany--(BUSINESS WIRE)-- China Petroleum & Chemical Corporation ("Sinopec", HKG: 0386) has won the "Best Scientific and Technological Innovation Practice" award at the 2 nd Sino-European Corporate ESG Best Practice Conference (the "Conference") on June 26 in Stuttgart. Sinopec's case submission of Breakthrough in Depth, Climb to New Heights — Empowering the Energy and Chemical Industry with Technological Innovation stood out among numerous entries. 'Sinopec has harnessed technological innovation as a powerful engine in its journey toward carbon peaking and carbon neutrality,' the jury panel said. Share The Conference reviews and awards the best ESG application cases in six areas of environmental protection, social responsibility, corporate management, scientific and technological innovation, education, and training to further enhance mutual understanding between Chinese and European businesses, facilitate bilateral economic and trade exchanges, and showcase China's open, inclusive and confident mindset to European society. 'Sinopec has harnessed technological innovation as a powerful engine in its journey toward carbon peaking and carbon neutrality,' the jury panel said. 'By focusing on strategic areas such as oil and gas exploration and development as well as green and low-carbon transformation, the company is vigorously advancing high-end, intelligent, and green development.' Leveraging its integrated, full-industry-chain innovation capabilities, Sinopec is scaling up clean energy solutions and decarbonization in production to continuously empower social development. Driven by innovation, Sinopec's Project Deep Earth, hailed as the "Mount Everest underground," aims to unlock ultra-deep oil and gas reserves and light up the green future of the earth. In shale gas exploration and development, Sinopec's Fuling Shale Gas Field is the first in China with commercial development, boasting reserves of hundreds of billions of cubic meters. In promoting the green and low-carbon technology, Sinopec built China's first megaton CCUS project and the world's first 100-kilometer CO₂ pipeline. Sinopec collaborates with Shell, China Baowu and BASF on a joint study for the first 10-million-tonne open-source CCUS project, providing a new decarbonization pathway that combines emission reduction and carbon sequestration. Innovation is powering Sinopec to continuously break new ground and achieve intelligent transformation. In 2024, the world's first intelligent ethylene factory based on digital twin technology was put into operation, and Sinopec's AI digital employee is now on duty at over 40 integrated energy stations to provide smart services to customers. At the Conference, Sinopec also released the "World Energy Outlook 2060" report, its first energy and chemical industry development report released in Europe.
Korea Herald
30-06-2025
- Business
- Korea Herald
Sinopec Wins Technological Innovation Award at the 2nd Sino-European Corporate ESG Best Practice Conference
STUTTGART, Germany, June 30, 2025 /PRNewswire/ -- China Petroleum & Chemical Corporation ("Sinopec", HKG: 0386) has won the "Best Scientific And Technological Innovation Practice" award at the 2 nd Sino-European Corporate ESG Best Practice Conference (the "Conference"), which was hosted on June 26 in Stuttgart. Sinopec's case submission of Breakthrough in Depth, Climb to New Heights — Empowering the Energy and Chemical Industry with Technological Innovation stood out among the numerous entries. The Conference reviews and awards the best ESG application cases in six areas of environmental protection, social responsibility, corporate management, scientific and technological innovation, education and training, to further enhance mutual understanding between Chinese and European businesses, facilitate bilateral economic and trade exchanges, and showcase China's open, inclusive and confident mindset to European society. "Sinopec has harnessed technological innovation as a powerful engine in its journey toward carbon peaking and carbon neutrality," the jury panel said. "By focusing on strategic areas such as oil and gas exploration and development as well as green and low-carbon transformation, the company is vigorously advancing high-end, intelligent, and green development." Leveraging its integrated, full-industry-chain innovation capabilities, Sinopec is scaling up clean energy solutions and decarbonization in production to continuously empower the social development. Driven by innovation, Sinopec's Project Deep Earth is regarded as "Mount Everest underground" to unlock ultra-deep oil and gas reserves and light up the green future of the earth. In shale gas exploration and development, Sinopec's Fuling Shale Gas Field is the first in China with commercial development, boasting reserves of hundreds of billions of cubic meters. In promoting the green and low-carbon technology, Sinopec built China's first megaton CCUS project as well as the world's first 100-kilometer CO₂ transmission pipeline. Sinopec collaborates with Shell, China Baowu and BASF to launch the joint study on the first 10-million-tonne open-source CCUS project to provide a new path of decarbonization emphasizing both emission reduction and carbon sequestration. Innovation is powering Sinopec to continuously break new ground and achieve intelligent transformation. In 2024, the world's first intelligent ethylene factory based on digital twin technology was put into operation, and Sinopec's AI digital employee is now on duty at over 40 integrated energy stations to provide smart services to customers. At the Conference, Sinopec also released the "World Energy Outlook 2060" report, which is Sinopec's first energy and chemical industry development report released in Europe.
Cision Canada
30-06-2025
- Business
- Cision Canada
Sinopec Wins Technological Innovation Award at the 2nd Sino-European Corporate ESG Best Practice Conference
STUTTGART, Germany, June 30, 2025 /CNW/ -- China Petroleum & Chemical Corporation ("Sinopec", HKG: 0386) has won the "Best Scientific And Technological Innovation Practice" award at the 2 nd Sino-European Corporate ESG Best Practice Conference (the "Conference"), which was hosted on June 26 in Stuttgart. Sinopec's case submission of Breakthrough in Depth, Climb to New Heights — Empowering the Energy and Chemical Industry with Technological Innovation stood out among the numerous entries. The Conference reviews and awards the best ESG application cases in six areas of environmental protection, social responsibility, corporate management, scientific and technological innovation, education and training, to further enhance mutual understanding between Chinese and European businesses, facilitate bilateral economic and trade exchanges, and showcase China's open, inclusive and confident mindset to European society. "Sinopec has harnessed technological innovation as a powerful engine in its journey toward carbon peaking and carbon neutrality," the jury panel said. "By focusing on strategic areas such as oil and gas exploration and development as well as green and low-carbon transformation, the company is vigorously advancing high-end, intelligent, and green development." Leveraging its integrated, full-industry-chain innovation capabilities, Sinopec is scaling up clean energy solutions and decarbonization in production to continuously empower the social development. Driven by innovation, Sinopec's Project Deep Earth is regarded as "Mount Everest underground" to unlock ultra-deep oil and gas reserves and light up the green future of the earth. In shale gas exploration and development, Sinopec's Fuling Shale Gas Field is the first in China with commercial development, boasting reserves of hundreds of billions of cubic meters. In promoting the green and low-carbon technology, Sinopec built China's first megaton CCUS project as well as the world's first 100-kilometer CO₂ transmission pipeline. Sinopec collaborates with Shell, China Baowu and BASF to launch the joint study on the first 10-million-tonne open-source CCUS project to provide a new path of decarbonization emphasizing both emission reduction and carbon sequestration. Innovation is powering Sinopec to continuously break new ground and achieve intelligent transformation. In 2024, the world's first intelligent ethylene factory based on digital twin technology was put into operation, and Sinopec's AI digital employee is now on duty at over 40 integrated energy stations to provide smart services to customers. At the Conference, Sinopec also released the "World Energy Outlook 2060" report, which is Sinopec's first energy and chemical industry development report released in Europe.
Korea Herald
14-05-2025
- Business
- Korea Herald
Sinopec Sets New Vertical Well Depth Record of 5,300 Meters
BEIJING, May 14, 2025 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has announced a major shale gas exploration breakthrough of its Project Deep Earth - Sichuan and Chongqing Natural Gas Base, that its Tiebei 1HF well has been tested at a high daily output of 314,500 cubic meters of industrial gas flow. The vertical depth of the well reaches over 5,300 meters with a 1,312-meter-long horizontal section, setting a new record for vertical depth of shale gas wells in China. The breakthrough will boost the gas reserves and production efficiency in the Puguang area as well as contribute to the development of ultra-deep shale gas in the Sichuan Basin. The Puguang gas and oil field is the first extra-large deep and high-sulfur gas field in China with large-scale development and has been efficiently developed for 20 years. To achieve the goal of long-term stable shale gas production, Sinopec is constantly looking for new resources and eyed the Puguang Upper Permian, but most of the resources are distributed in the ultra-deep field with a burial depth of over 4,500 meters, which is regarded as a "forbidden zone" because of the rapid changes in the velocity of the strata. Sinopec tackled the bottleneck through extensive research and technological innovations to realize a 100 percent drilling encounter rate of high-quality shale in horizontal section with drilling precision comparable to "threading a needle in the deep underground" to eventually drill the Tiebei 1HF well successfully. Sinopec's self-developed 175 MPa ultrahigh-pressure (UHP) fracturing equipment dynamically optimizes the parameters on-site with different strategies for each section and opened up a "man-made gas road" in the high-pressure stratum at the depth of 5,300 meters, bringing back all the resources from the deepest and farthest ends of the gas reservoir to maximize the development. At present, Sinopec Zhongyuan Oilfield is preparing an overall exploration and development plan for the Upper Permian shale gas in Puguang to promote the efficient transformation of resources. The exploration and development of shale gas are of strategic importance to China's energy landscape, and Sinopec actively takes the responsibility and discovered the Fuling shale gas field in 2012, which kicked off commercial development of shale gas in China, and Sinopec continues to promote high-quality development of China's shale gas industry.
