Environment & Society

csr
Green Enterprise Campaign

The Company attaches great importance to energy conservation, emission reduction and environmental protection. In 2011, we identified the green and low-carbon development strategy as one of the development strategies. The "Clear Water and Blue Sky" environmental protection campaign implemented during the period from 2014 to 2016 carried out 870 projects, with a total investment of RMB 20.92 billion. On this basis, we launched the Green Enterprise Campaign in 2018. The Campaign adopts the vision of "contributing to clean energy, practising green development", advocates to supply clean energy and green products, enhances green production and leads green development of the industry. We have formulated the Sinopec Green Enterprise Evaluation Guideline and established the specific working group. By the end of 2018, 10 subsidiaries were awarded as Sinopec Green Enterprises.

Targets of Green Energy Plan

? To improve the production capacity of conventional natural gas, shale gas and coalbed methane, and promote gas popularisation in the Yangtze River Economic Belt. By 2023, the production capacity of natural gas will reach over 40 billion m3 per year, and the percentage of clean energy production in oil equivalent will exceed 50%.

? To build LNG receiving station and gas storage, etc. By 2023, the LNG receiving and transportation capacity will reach 26 milliontonnes per year. By then, the natural gas supply capacity will reach 60 billion m3 per year, accounting for 15-20% of domestic supply.

? he quality of oil products maintains the advanced international level. By October 2018, the gasoline and diesel produced by Sinopec Corp. for vehicles will reach the National VI emission standard. In 2020, the sulfur content of marine fuel oils will decrease from 3.50% to 0.50%.

? By 2023, 1,000 additional CNG stations for vehicles will be built. We will explore the layout of battery charge & change stations in key cities and road sections, and timely promote the construction of hydrogen stations and hydrogen storage infrastructure.

? In the construction of green service stations, we will increase the marketing and supply of ethanol gasoline, biodiesel, gasoline cleaners.

 

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