Zhong Guo Hua Gong Bao·2025-09-09 02:12Core Insights - China Petroleum & Chemical Corporation (Sinopec) has showcased its achievements in energy security, industrial upgrading, and green transformation during the "14th Five-Year Plan" period, with total revenue reaching 2.1 trillion yuan, a nearly 22% increase from the previous five-year period [1] - The company has made significant contributions to Hubei's strategic development, with a total tax contribution of 100.5 billion yuan and annual revenue exceeding 430 billion yuan [1] Supply Chain Assurance - Sinopec's subsidiary, Zhonghan Petrochemical, has achieved a refining capacity of 8.5 million tons per year and an ethylene production capacity of 1.1 million tons per year, supplying over 20.8 million tons of refined oil, which accounts for 65% of the Wuhan market [2] - Jingmen Petrochemical has developed over 60 types of specialty oils, capturing 50% of the domestic market for high-grade white oil and successfully replacing some imported products [2] - The sales division in Central China has sold nearly 130 million tons of refined oil and chemical products over five years, generating close to 900 billion yuan in revenue [2] Innovation and Transformation - Sinopec's subsidiaries have expanded their business areas, with Zhonghan Petrochemical producing 4.1 million tons of ethylene and 12.02 million tons of chemical products, contributing over 232.3 billion yuan to industrial output [3] - Jingmen Petrochemical has successfully developed seven high-end specialty oil products, including lithium battery separator white oil and SEPS [3] Technological Advancements - Jianghan Oilfield has implemented a "data + platform + application" model, improving gas field recovery rates to 23.3%, doubling from initial development stages [4] Environmental Initiatives - Sinopec's subsidiaries are actively participating in the "Beautiful Hubei" strategy, with initiatives to protect the Yangtze River and reduce carbon emissions [5][6] - Jianghan Oilfield has built 46 solar power stations, generating 170 million kilowatt-hours of green electricity and reducing carbon emissions by 97,000 tons [6] - Jingmen Petrochemical has implemented various projects to reduce volatile organic compounds (VOCs) emissions, achieving a 70.4% wastewater reuse rate [6]