Key Topics

Sinopec contributes its four decades of efforts and achievements to China's modernization

In February 1983, the CPC Central Committee and the State Council issued a circular, deciding to prepare for the incorporation of the China Petrochemical Corporation and pointing out that "it is a major event in the reform of China's economic system". In July the same year, the China Petrochemical Corporation (Sinopec) was formally established, and the People's Daily published an editorial entitled "Giving full play to advantages of the petrochemical economic entity", calling for "carrying forward the enterprising spirit for strengthening and prospering the country, and striving to build the head office into an economic entity with cutting-edge technologies, advanced management, and high competitiveness in both domestic and foreign markets".

By 2023, Sinopec has gone through 40 years of development. Over the past four decades, under the leadership of the CPC Central Committee and the State Council, Sinopec has adhered to the mission of serving the national hope and the purpose of meeting the people's needs; insisted on integrating the Party's original aspiration and mission into its tradition of "loving China and revitalizing petrochemical industry", and shouldering the responsibilities for the Party and country and benefiting the people by "cheering for a better life"; consciously assumed its historical mission of strengthening the state-owned economy, revitalizing the petrochemical industry, ensuring energy security and improving the people's lives. Through the arduous pioneering and continuous efforts of less than two generations, Sinopec has realized the centennial achievements of Western multinational oil companies, completed the heavy tasks entrusted by the Party and the people, and made achievements worthy of the times.

Through the past four decades, Sinopec has successfully established and developed China's modern petrochemical industry system through continuous probes and practices; made historic contributions to ensuring national energy security, promoting national economic development, resolving the problem of feeding and dressing the people, and improving the people's livelihood. Since entering the new stage of development, Sinopec has implemented the new development concept; identified its position during building a new development pattern; accelerated the construction of the "one basis, two directions and three growth poles" industrial pattern; adhered to the fulfillment of economic, political and social responsibilities; and embarked on a new journey to build itself into a world-leading clean energy and chemical company.

Ensuring national energy security

Over the past 40 years, Sinopec has continued to increase the intensity of oil and gas exploration; actively planned renewable energy development; made every effort to improve the ability to guarantee energy supply; and resolutely shouldered the core responsibility of ensuring national energy security.

Developing the modern chemical industry

Over the past 40 years, Sinopec has promoted its products extension from chemical raw materials to high-end materials through developing degradable materials, high-end polyolefins, and high-end synthetic rubber; and achieved great breakthroughs in the development of new materials and fine chemicals to boost the high-quality development of modern chemical industry.

Adhering to innovation-driven strategy

Over the past 40 years, Sinopec has adhered to the guidance of scientific and technological innovation; strengthened basic research; marched towards the fields of oil and gas exploration, oil refining and chemical industry, and major equipment manufacturing; striven to shoulder the core responsibility of "being the national strategic sci-tech force" and provide solid support for China's realization of high-level sci-tech self-reliance and self-improvement.

Driving green and low-carbon development

Over the past 40 years, Sinopec has actively driven the cleanness of fossil energy, the scale-up of clean energy, and the low-carbon process of production; fought the battle against pollution; and improved the level of green production to contribute to the initiative of Beautiful China.

Dedicated to society

Over the past 40 years, Sinopec has adhered to people-centered development thinking; promoted targeted poverty alleviation and rural revitalization; carried out public welfare charity, participated in emergency rescue, and secured major national activities; and used practical actions to give back to the society and improve people's livelihoods and well-being.

International operation

Over the past 40 years, China has continued to step up its efforts to "go global"; implemented the "Belt and Road" initiative; carried out extensive and in-depth international energy cooperation in oil, gas and refinery investment, international trade, petroleum project and refinery project services to promote the sustainable development of the global economy and society and help build a community with a shared future for mankind.

At the new starting point of its 40th anniversary, Sinopec will leverage its unique role as a central energy and chemical enterprise in the overall situation of China's modernization; serve the "great plan of the Party" and "the supreme mission of the country"; and shoulder the new mission of "building a Sinopec with strong strategic support, support people's livelihood security with industrious efforts"; unite all forces to promote high-quality development; accelerate the construction of a world-class enterprise and move towards the world leadership; and write a new chapter of a Chinese-style modern petrochemical corporation with confidence.