Zhong Guo Neng Yuan Wang·2025-11-04 01:39Core Insights - China Petrochemical Corporation (Sinopec) is accelerating the development of strategic emerging industries, focusing on clean energy and innovative technologies to transform its traditional energy and chemical operations into a more sustainable model [1][4]. Group 1: Strategic Emerging Industries - Strategic emerging industries represent the direction of a new round of technological revolution and industrial transformation, with significant emphasis on new-generation information technology, artificial intelligence, biotechnology, new energy, and new materials [1]. - Sinopec is actively cultivating and expanding these industries, transitioning from traditional chemical production to a model that integrates traditional and emerging sectors [1][4]. Group 2: Geothermal Energy Development - Sinopec's geothermal heating capacity has reached 12 million square meters, replacing approximately 2.3 million tons of standard coal annually and reducing carbon dioxide emissions by over 5.9 million tons [4]. - The company has successfully implemented deep geothermal exploration projects, enhancing its capabilities in geothermal heating and power generation [2][4]. Group 3: Hydrogen Energy Initiatives - Sinopec's hydrogen production capacity currently stands at 4.45 million tons per year, with ongoing projects in seawater hydrogen production and integrated wind-solar hydrogen production [11]. - The company aims to establish itself as China's leading hydrogen energy company, with plans to create a comprehensive hydrogen energy industry chain that includes production, infrastructure, and application scenarios [10][12]. Group 4: Technological Innovation - Sinopec is focusing on technological innovation as a core driver for both traditional industry upgrades and the growth of emerging sectors, particularly in high-end materials [6]. - The company has made significant advancements in carbon fiber technology, achieving breakthroughs in large tow carbon fiber production, which is crucial for various high-tech applications [7]. Group 5: Clean Energy Projects - The Xinjiang Kuqa green hydrogen demonstration project is China's first large-scale initiative utilizing photovoltaic power for hydrogen production, showcasing a complete process from solar energy generation to hydrogen storage and transportation [8][9]. - Sinopec is also expanding its clean energy portfolio with projects in wind, solar, and other renewable energy sources, contributing to a low-carbon industrial system [5][12].