Zheng Quan Ri Bao Zhi Sheng·2025-10-23 19:06Core Viewpoint - Shanghai Petrochemical is making significant strides in its green transformation and technological innovation, positioning itself as a leader in the energy and chemical industry while responding to national carbon neutrality goals [1][5][7]. Group 1: Company Overview - Shanghai Petrochemical is a subsidiary of China Petroleum & Chemical Corporation, established in 1972, and is one of the first state-owned enterprises to undergo shareholding reform in 1993 [2]. - The company is a major integrated refining and chemical enterprise in China and is listed in Shanghai, Hong Kong, and New York [2]. - The projected revenue for 2024 is 87.133 billion yuan [2]. Group 2: Development Strategy - The "14th Five-Year" development plan outlines Shanghai Petrochemical's vision to become a "domestically leading, world-class" energy and chemical company, focusing on green and low-carbon development [3][4]. - The strategic goals include transitioning from refining to chemicals, from chemicals to materials, and from materials to high-end products, while enhancing ecological aspects of its operations [3]. Group 3: Green Transformation Achievements - Shanghai Petrochemical has implemented a "green low-carbon" strategy, achieving significant recognition in the industry for its efforts [5]. - The company has established five solar power stations with a total capacity of nearly 16 megawatts, generating approximately 18.86 million kilowatt-hours of green electricity annually, reducing CO2 emissions by 10,756 tons [5]. - By 2024, the total CO2 emissions are projected to be 8.0759 million tons, a 10.31% decrease year-on-year, with CO2 emissions intensity down by 25.27% compared to 2022 [5]. Group 4: Pollution Control - In 2023, the average concentration of VOCs at the factory boundary decreased to 72.3 μg/m³, a reduction of about 30% from 2021, with a target of 65.14 μg/m³ for 2024 [6]. - The company has been recognized as one of the first "China Environment-Friendly Enterprises" in Shanghai, maintaining this title through its commitment to achieving "net zero" emissions [7]. Group 5: Technological Innovations - Shanghai Petrochemical has made significant breakthroughs in carbon fiber technology, becoming the first in China and the fourth globally to master the production of 48K large tow carbon fiber [8][9]. - The company has developed a range of carbon fiber products, including the newly launched 60K large tow carbon fiber, filling a domestic gap and achieving international leading performance [9]. - These advancements are expected to enhance applications in various sectors, including aerospace, high-speed rail, and renewable energy, contributing to China's manufacturing transformation [9].