Sinopec Honored for Technological Innovations at Sino-European ESG Conference

Sinopec's Technological Achievement

In a remarkable achievement, China Petroleum & Chemical Corporation, known as Sinopec, has secured the prestigious "Best Scientific And Technological Innovation Practice" award at the 2nd Sino-European Corporate ESG Best Practice Conference. This event took place on June 26, 2025, in Stuttgart, Germany, and highlighted Sinopec's commitment to advancing sustainable environmental practices within the energy and chemical sectors.

Sinopec's submission, titled "Breakthrough in Depth, Climb to New Heights — Empowering the Energy and Chemical Industry with Technological Innovation," garnered attention for its innovative approach. The award recognizes not only the effectiveness of their practices but also Sinopec's forward-thinking vision in response to global ESG (Environmental, Social, and Governance) challenges.

Emphasis on Innovation

The conference serves as a pivotal platform to discuss and reward exemplary ESG applications across various fields, including environmental protection, social responsibility, corporate governance, scientific and technological innovation, and education. It emphasizes the importance of fostering mutual understanding between Chinese and European businesses while promoting bilateral economic exchanges.

As the jury noted, Sinopec has effectively harnessed technology as a powerful catalyst in its journey towards achieving carbon peak and neutrality. The company is strategically focused on areas such as oil and gas exploration, along with transitioning towards green and low-carbon operations. They aim to enhance quality, intelligence, and ecology in their development processes. Sinopec’s integrated innovation capabilities across its entire industrial chain are pivotal in delivering clean energy solutions and advancing production decarbonization.

In recent years, Sinopec has undertaken notable projects, including the Deep Earth initiative, which aims to unlock ultra-deep oil and gas reserves, metaphorically referred to as the "Underground Mount Everest." Additionally, Sinopec's Fuling shale gas field has made history as China's first commercially exploited shale gas resource, boasting reserves of hundreds of billions of cubic meters. This advancement not only cements Sinopec's leading position in the energy sector but also contributes significantly to China's overall energy strategy.

Leading Green Technology Initiatives

Sinopec's commitment to sustainable practices is further evidenced by the development of the country's first CO2 Capture, Utilization and Storage (CCUS) project, which is designed to store a million tons of carbon dioxide. This initiative is supplemented by the world’s first 100-kilometer CO2 transport pipeline, highlighting Sinopec's leadership in green technology. Collaborations with industry giants like Shell, China Baowu, and BASF aim to explore a groundbreaking open-source CCUS project that targets ten million tons of carbon emissions, reinforcing Sinopec's commitment to both emission reduction and carbon sequestration.

The drive for innovation continues to propel Sinopec towards intelligent transformation. The company launched the world's first smart ethylene plant based on digital twin technology, showcasing its commitment to integrating state-of-the-art technology within operations. Moreover, Sinopec has deployed AI-driven digital employees across more than 40 integrated energy stations to deliver smart services to customers, demonstrating the transformative role of technology in its business strategies.

Conclusion

During the conference, Sinopec took the opportunity to release the "World Energy Outlook 2060" report, marking its first published findings on energy and chemical industry development in Europe. This move not only highlights Sinopec's dedication to transparency and forward planning but also strengthens its position as a critical player in the global energy landscape.

With these significant accolades and initiatives, Sinopec sets a powerful example of how technological innovation can align with sustainable practices, paving the way for a greener, more responsible future in the energy and chemical industries.