Sinopec has accelerated the implementation of President Xi Jinping's important instruction of building a "world-class, high-tech integrated" green base. It has been optimizing the layout and structural adjustment of the chemical industry, has continued to increase R&D efforts in highend polyolefin materials, advanced fine chemical synthesis technology and advanced plastic processing technology, and developed special fibers, special resins, high-performance rubber and other products. Also, it has actively promoted the development of biodegradable materials such as poly Glycolic acid (PGA) and PBAT, and strengthened the combination of production, marketing, research and application of medical and health materials, PV materials and new functional materials, and promoted chemical materials to move towards the mid to high end of the industrial and value chains.