Ren Min Ri Bao·2025-10-29 22:05Core Insights - Jiangsu Province is a key area for Sinopec, covering the entire petrochemical industry chain and housing several major subsidiaries [1][2] - During the 14th Five-Year Plan period, Sinopec's subsidiaries in Jiangsu achieved significant revenue growth, exceeding 1.7 trillion yuan, a 20% increase compared to the previous five-year period [1][2] Group 1: Production and Revenue - Sinopec's subsidiaries in Jiangsu have a production capacity of over 330 million tons/year of oil and gas equivalent, 30.5 million tons/year of refining, and 8 million tons/year of ethylene [1] - Jinling Petrochemical is projected to process 17.29 million tons of crude oil in 2024, ranking second among Nanjing's top manufacturing enterprises [2] - Yangzi Petrochemical supplies approximately 12 million tons of high-quality petrochemical products annually [2] Group 2: Technological Innovation - The East China Petroleum Bureau has made significant advancements in shale oil exploration, with cumulative production exceeding 350,000 tons and resource estimates of 350 million tons [2][3] - Various subsidiaries have developed cutting-edge technologies, including a major PTA project and advanced imaging techniques for deep reservoirs [3][4][5] Group 3: Green Development Initiatives - Sinopec is committed to achieving carbon neutrality, with Jiangsu subsidiaries implementing CCUS projects and developing environmentally friendly products [6][7] - Jinling Petrochemical has established a carbon emission monitoring system and zero-emission projects [8] Group 4: Community Engagement and Social Responsibility - Sinopec's subsidiaries actively engage in community support, with initiatives such as educational assistance and environmental protection projects [11] - The company emphasizes the importance of the petrochemical industry in contributing to national economic development and improving people's lives [11][12]