Facing the changing situation heads-on and taking on responsibility

We overcame the adverse effects of high oil prices and frequent outbreaks of Covid-19, upgraded the quality of National VIB gasoline, fully increased the production and storage of diesel, and firmly met the task of “ensuring supply”. We raised the production of sulfur for fertilizer companies, ensuring the supply for farmers during spring plowing, summer harvest, sowing, and field management, and autumn and winter sowing. We built a “dual hydrogen source” guarantee system utilizing Yanshan and Tianjin Petrochemical Plants for the Winter Olympics, fuelling the torch of the Winter Olympics with clean hydrogen. We comprehensively carried out tax compliance self-examination of refined oil and self-marketing products, resolutely implemented national and government regulatory requirements, and safeguarded the consumers’ rights and interests. In 2022, 242 million tonnes of crude oil were processed, down by 5.1%. The yield of refined oil products increased by 0.6 percentage points, and that of light chemical feedstock decreased by 0.2 percentage points.

New breakthroughs in specialized oil products and chemicals

Breakthroughs were made in the development of specialty oil products.   Our self-developed technology in the lubricants business chain is constantly increasing. Sinopec’s synthetic aviation engine lubricating oil passed airworthiness certification, becoming the first domestic lubricating product to be applied commercially. The domestic substitution of independent additives such as PMA pour point depressant (T866) by Sinopec Research Institute of Petroleum Processing steadily advanced. Improvement was also made in producing specialty oil products. The 150BS base oil of Maoming Petrochemical Company met the HVI Ic standard requirements. Jingmen Petrochemical Company passed the food-grade white oil certification, and Jinling Petrochemical Company achieved industrial production and market application of high value-added heavy alkylbenzene.

Specialty chemical products manufacturing continued to mature.    The needle coke products by Jinling Petrochemical Company and Maoming Petrochemical Company reached the premium coke level after evaluation, and were applied to 450mm and 550mm high-power graphite electrodes and highend lithium battery anode. Jinan and Qilu affiliates produced specialty coke for negative electrode materials and high-end low emission pre baked anode coke, achieving tailored production. Zhenhai bio-jet fuel obtained Asia’s first global RSB certification issued by the international certification agency SCS and China’s first bio-jet fuel airworthiness certification, realizing application in commercial flights both domestically and internationally. Jingmen Petrochemical Company made its first trial production of petroleum based commercial rocket kerosene, featuring low cost and good physical and chemical properties, and eliminating reliance on specialty oil. The modified asphalt was used for Hongqiao Airport, and the modified asphalt for the Chengdu Tianfu F1 track was developed. The odor-free and environmentally friendly asphalt was promoted and applied in multiple companies.