Key Projects
Construction

In 2023, we fully constructed 57 key projects, with overall safety, quality, and progress under control. Two oil and gas field surface engineering projects, 20 refining units, one new energy facility, and two oil and gas storage and transportation facilities were completed and put into operation.

The oil and gas storage and transportation projects.  Ground project of the west Sichuan gas field production capacity was completed and put into operation. Projects such as Longkou LNG, Lianyungang commercial storage, and natural gas based helium extraction of Dongsheng gas field were in full wings. The preliminary planning and basic design for projects such as Zhoushan LNG, Dongying commercial storage, and Qinghai Haidong comprehensive energy station were carried out, and on-site construction preparations were pushed ahead in an orderly manner.

Refining engineering.  The successful commissioning of the ethylene project in Hainan Refining and Chemical Company, the SBC project of Hainan Baling Chemical New Material Co., Ltd. contributed to the construction of Hainan Free Trade Port. Anqing Petrochemical Company shifted from refining to chemical industry, and Yangzi Petrochemical Company's structural adjustment of refining was successfully put into operation, exploring development paths for refining subsidiaries to achieve transformation and upgrading. The relocation project of Baling Petrochemical Company's caprolactam industry chain was successfully put into operation, and the caprolactam production, research and development base with the world's largest single set production capacity and leading technology was built up. The mechanical completion of projects such as Tianjin Nangang Ethylene and the Catalyst Company's Tianjin Base were successfully achieved. The construction of projects such as Yizheng Chemical Fiber's PTA and Sinopec-SK refining structure adjustment were completed. The projects of 11 million-tonne/year refining and high-end synthetic new materials of Zhenhai Refining and Chemical Company, maleic anhydride of Qingdao Refining and Chemical Company were implemented as planned. Projects of Luoyang Petrochemical's 1 million-tonne ethylene, Yueyang's 1 million-tonne/year ethylene, Zhenhai Refining and Chemical's 1.5 million-tonne/year ethylene, Maoming Petrochemical's ethylene were fully under construction.

New Energy, New Material, New Economy and Science research auxiliary projects.  The successful launch of the Kuqa green hydrogen demonstration project represented a significant milestone in scaling up the industrial application of green hydrogen in China. The Qilu Petrochemical - Shengli Oilfield CCUS project overcame three core technological challenges in CO2 transportation pipelines, leading the way in large-scale CO2 pipeline construction across China. In Shanghai, the domestic production line for large-tow carbon fiber was activated, addressing the previous reliance on imports and meeting the high demand for this material. The successful commissioning of the EVOH project of Chongqing SVW Chemical significantly enhanced the Company's influence in the field of green and environmentally friendly high-end materials. Projects such as the Baling Petrochemical epichlorohydrin industrial demonstration plant and the Yangzi Petrochemical slurry polyethylene pilot plant were progressing rapidly. The building of the Shanghai Pudong Research Base and the Sinopec free trade mansion surpassed their annual construction targets ahead of schedule.