Sinopec

Chinese oil and gas enterprise

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2024 Signed a memorandum of strategic cooperation with BP at the Davos Economic Forum, with plans to build 5,000 new EV charging stations by 2025.
2023 Sinopec built a 20,000 tonne per year green hydrogen wind farm outside Ordos City, demonstrating its commitment to renewable hydrogen production.
2023 Sinopec constructed its first solar-powered green hydrogen facility in Xinjiang, with plans to produce 20,000 tonnes of hydrogen annually for its Tahe refinery.
2023 Sinopec's greenhouse gas emissions slightly decreased to 169 million tonnes of CO2 equivalent, though the company remained the second-highest emitter among oil companies worldwide.
2023 Opened a one million tonne per year Styrene-butadiene (SBC) plant in Hainan, becoming the world's largest SBC producer.
2023 Began operating the deepest oil well in Asia, reaching 9,432 meters below Xinjiang as part of Project Deep Earth.
January 2022 Sinopec became operational with its megatonnes carbon capture, utilisation and storage (CCUS) project, which includes the Sinopec Qilu carbon capture and Shengli Oil Field shifting and storage initiatives.
2021 Sinopec's total greenhouse gas emissions reached 172.56 million tonnes of CO2 equivalent.
2021 Began a partnership with NIO, including cooperation on electric vehicle technology and power swap stations.
November 22 2013 An oil pipeline explosion in Qingdao, Shandong province resulted in at least 62 fatalities, 136 injuries, and hundreds of people displaced after a street oil leak ignited.
March 2013 Agreed to pay $1.5 billion for its parent company's overseas oil and gas-producing assets.

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