Sinopec Publishes “The Sinopec Inexperienced and Low-carbon Growth White Paper 2022”

Strengthening Sustainable Benefits to Speed up Excessive-quality Growth and Obtain “Twin Carbon” Objectives

BEIJING, Jan. 16, 2023 /PRNewswire/ — China Petroleum & Chemical Company (HKG: 0386, “Sinopec”) printed the “The Sinopec Inexperienced and Low-carbon Growth White Paper 2022” (the “White Paper”) on January 13, highlighting its imaginative and prescient and practices throughout the scopes of a strategic roadmap, institutional mechanism, clear vitality initiatives and the economical utilization of assets.

Sinopec was the primary Chinese language firm to publish a “Environmental Safety White Paper” in 2012, which pledged to advertise inexperienced and low carbon growth. Over the past decade, Sinopec has carried out initiatives to enhance vitality effectivity, construct sustainable operations, and contribute to the ecological conservation of the Yangtze River and Yellow River basins. Sinopec has additionally launched an motion plan to succeed in carbon peak emissions by 2030 and been named a “China Low-Carbon Mannequin” for 12 consecutive years.

“The White Paper displays Sinopec’s endeavors in advancing inexperienced and low-carbon growth. It will likely be the brand new place to begin to anchor our methods in balancing the event and emission discount agendas of each brief and long run initiatives, coordinate carbon and air pollution discount, inexperienced transformation and progress to speed up inexperienced and low-carbon growth, strengthen inexperienced aggressive benefits and make vital contributions to the low-carbon transformation of China’s vitality and chemical business and obtain the ‘Twin Carbon’ targets,” mentioned Zhao Dong, President of Sinopec.

Sinopec is strategizing an industrial format to develop clear, low-carbon, protected and environment friendly vitality, set up a inexperienced and low-carbon imaginative and prescient to advertise environment friendly vitality useful resource recycling, and pursue a roadmap to attain scaled clear and low-carbon vitality manufacturing, vitality conservation and emission discount in reaching net-zero targets.

The corporate’s full-on “Twin Carbon” actions proceed to cut back carbon emission and decrease carbon depth, with strengthened management of methane emission throughout the business chain. Sinopec have additionally pursued carbon asset administration and the product carbon footprint in-depth and established the primary carbon complete industrial chain tech firm in China.

The clear manufacturing initiatives of Sinopec have tremendously improved the utilization effectivity of vitality, water and land assets – a complete of 4,469 vitality effectivity enchancment initiatives have saved 7.49 million tons of ordinary coal, and by finish of 2021, the Fuling shale gasoline area had conserved over 40 hectares of land, the equal of 56 soccer fields.

For extra info, please go to Sinopec.