HongKong:0386

Sinopec Completes Drilling of China's Deepest Geothermal Exploration Well of 5,200 Meters

Retrieved on: 
Mercredi, avril 10, 2024
Well, Carbon, Education, Coal, Congress, Temperature, Sinopec, Geothermal energy, Heat, HKG, Research, Petroleum, Renewable energy

BEIJING, April 10, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has successfully completed the drilling of China's deepest geothermal exploration well, the Fushen-1 Well in Hainan with a well depth of 5,200 meters.

Key Points: 
  • BEIJING, April 10, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has successfully completed the drilling of China's deepest geothermal exploration well, the Fushen-1 Well in Hainan with a well depth of 5,200 meters.
  • Sinopec is committed to become China's leading enterprise in the development and utilization of geothermal energy.
  • It has an accumulated geothermal heating capacity of nearly 100 million square meters with several multi-million-square-meter regional geothermal heating projects already built and in operation.
  • In 2023, Sinopec also hosted the 7th World Geothermal Congress (WGC2023) in Beijing.

Sinopec Completes Drilling of China's Deepest Geothermal Exploration Well of 5,200 Meters

Retrieved on: 
Mercredi, avril 10, 2024
Well, Carbon, Education, Congress, Sinopec, Geothermal energy, Heat, Research, Coal, Multimedia, Temperature, HKG, Petroleum, Renewable energy

BEIJING, April 10, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has successfully completed the drilling of China's deepest geothermal exploration well, the Fushen-1 Well in Hainan with a well depth of 5,200 meters.

Key Points: 
  • BEIJING, April 10, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has successfully completed the drilling of China's deepest geothermal exploration well, the Fushen-1 Well in Hainan with a well depth of 5,200 meters.
  • The drilling goal of Fushen-1 Well is granite dated 250 million years ago.
  • Sinopec is committed to become China's leading enterprise in the development and utilization of geothermal energy.
  • It has an accumulated geothermal heating capacity of nearly 100 million square meters with several multi-million-square-meter regional geothermal heating projects already built and in operation.

Sinopec and TotalEnergies Ink Agreement for Sustainable Aviation Fuel Production

Retrieved on: 
Mercredi, avril 3, 2024
Shanghai Hongqiao International Airport, HOA, Partnership, News, Commerce, CO2, Universities Canada, Ministry, TotalEnergies, Petroleum, SAF

BEIJING, April 3, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG:0386, "Sinopec") has inked a landmark heads of agreement (HoA) with TotalEnergies in Beijing, embarking on a joint venture to produce sustainable aviation fuel (SAF) from waste oils at one of Sinopec's refineries.

Key Points: 
  • BEIJING, April 3, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG:0386, "Sinopec") has inked a landmark heads of agreement (HoA) with TotalEnergies in Beijing, embarking on a joint venture to produce sustainable aviation fuel (SAF) from waste oils at one of Sinopec's refineries.
  • The partnership aims to achieve an annual production capacity of 230,000 tons, with the new production line co-operated by both entities.
  • Patrick Pouyanné, Chairman and CEO of TotalEnergies expressed enthusiasm about partnering with Sinopec - a major player in the global refining industry - to manufacture SAF in China and establish a sustainable aviation fuel value chain.
  • In 2009, Sinopec successfully developed its bio-jet fuel production technology securing intellectual property rights followed by producing qualified bio-jet fuels for the first time in December 2011.

Sinopec and TotalEnergies Ink Agreement for Sustainable Aviation Fuel Production

Retrieved on: 
Mercredi, avril 3, 2024
Shanghai Hongqiao International Airport, HOA, Partnership, News, Commerce, CO2, Universities Canada, Multimedia, Ministry, TotalEnergies, Petroleum, SAF, Online shopping

BEIJING, April 2, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG:0386, "Sinopec") has inked a landmark heads of agreement (HoA) with TotalEnergies in Beijing, embarking on a joint venture to produce sustainable aviation fuel (SAF) from waste oils at one of Sinopec's refineries.

Key Points: 
  • BEIJING, April 2, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG:0386, "Sinopec") has inked a landmark heads of agreement (HoA) with TotalEnergies in Beijing, embarking on a joint venture to produce sustainable aviation fuel (SAF) from waste oils at one of Sinopec's refineries.
  • The partnership aims to achieve an annual production capacity of 230,000 tons, with the new production line co-operated by both entities.
  • Patrick Pouyanné, Chairman and CEO of TotalEnergies expressed enthusiasm about partnering with Sinopec - a major player in the global refining industry - to manufacture SAF in China and establish a sustainable aviation fuel value chain.
  • In 2009, Sinopec successfully developed its bio-jet fuel production technology securing intellectual property rights followed by producing qualified bio-jet fuels for the first time in December 2011.

Sinopec's West Sichuan Gas Field Enters Operation

Retrieved on: 
Jeudi, mars 14, 2024
Natural gas, Permeability, Carbon, Safety, Sichuan Basin, HKG, Porosity, Petroleum

BEIJING, March 14, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has announced that the West Sichuan Gas Field, Sinopec's third 100-billion-cubic-meter submarine natural gas field in the Sichuan basin, has been completed, marking another major milestone for its Project Deep Earth – Sichuan and Chongqing Natural Gas Base. The new gas field, with an annual output of 2 billion cubic meters of natural gas and 130,000 tons of sulfur, is set to provide more clean energy for Southwestern China and the regions along the Sichuan-East pipeline.

Key Points: 
  • Boasts Over 100 Billion Cubic Meters Capacity, Enhances Southwestern China's Clean Energy Supply
    BEIJING, March 14, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has announced that the West Sichuan Gas Field, Sinopec's third 100-billion-cubic-meter submarine natural gas field in the Sichuan basin, has been completed, marking another major milestone for its Project Deep Earth – Sichuan and Chongqing Natural Gas Base.
  • Sinopec overcame challenges such as low porosity and permeability in the West Sichuan Gas Field by pioneering engineering solutions, resulting in high yields with fewer wells.
  • The West Sichuan Gas Field, designed and built by Sinopec, features integrated gas extraction and desulfurization processes, ensuring closed-loop desulfurization and efficient green production.
  • The gas field boasts natural gas sulfur recovery rates of over 99.9% and produces gas that meets national standards while ensuring zero wastewater discharge.

Sinopec's West Sichuan Gas Field Enters Operation

Retrieved on: 
Jeudi, mars 14, 2024
Natural gas, Permeability, Carbon, Safety, Sichuan Basin, HKG, Porosity, Multimedia, Petroleum

BEIJING, March 14, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has announced that the West Sichuan Gas Field, Sinopec's third 100-billion-cubic-meter submarine natural gas field in the Sichuan basin, has been completed, marking another major milestone for its Project Deep Earth – Sichuan and Chongqing Natural Gas Base. The new gas field, with an annual output of 2 billion cubic meters of natural gas and 130,000 tons of sulfur, is set to provide more clean energy for Southwestern China and the regions along the Sichuan-East pipeline.

Key Points: 
  • Boasts Over 100 Billion Cubic Meters Capacity, Enhances Southwestern China's Clean Energy Supply
    BEIJING, March 14, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has announced that the West Sichuan Gas Field, Sinopec's third 100-billion-cubic-meter submarine natural gas field in the Sichuan basin, has been completed, marking another major milestone for its Project Deep Earth – Sichuan and Chongqing Natural Gas Base.
  • Sinopec overcame challenges such as low porosity and permeability in the West Sichuan Gas Field by pioneering engineering solutions, resulting in high yields with fewer wells.
  • The West Sichuan Gas Field, designed and built by Sinopec, features integrated gas extraction and desulfurization processes, ensuring closed-loop desulfurization and efficient green production.
  • The gas field boasts natural gas sulfur recovery rates of over 99.9% and produces gas that meets national standards while ensuring zero wastewater discharge.

Sinopec Highlights CCUS Achievements at COP 28 and Releases Its First 10-Year Performance Report on Supporting "Belt and Road" Initiative

Retrieved on: 
Vendredi, décembre 8, 2023
Carbon, Belt, Sinopec, CCUS, COP28, Climate, Shell, CO2, Petroleum, Nature, HKG, BASF, Memorandum of understanding, Conference, Tree, Biodiversity, Utilization, Renewable energy, BRI

In 2022, Sinopec officially started to operate the mega-tonne Qilu-Shengli CCUS project, a milestone for China's CCUS industry phasing in mature commercial operation.

Key Points: 
  • In 2022, Sinopec officially started to operate the mega-tonne Qilu-Shengli CCUS project, a milestone for China's CCUS industry phasing in mature commercial operation.
  • It is China's first mega-tonne CCUS demonstration project and is estimated to reduce carbon emissions by 1 million tonnes per year, the equivalent of planting nearly 9 million trees.
  • The project is of great significance to establishing the "artificial carbon cycle" and provides extensive practical engineering experience and technical data for large-scale CCUS project in China.
  • The 10-year performance report on Sinopec's engagement in BRI development underscores Sinopec's strong commitment to sustainable development and contributions, covering the scopes of energy cooperation, environmental protection, culture exchanges, and social well-being.

Sinopec Highlights CCUS Achievements at COP 28 and Releases Its First 10-Year Performance Report on Supporting "Belt and Road" Initiative

Retrieved on: 
Vendredi, décembre 8, 2023
Carbon, Belt, Sinopec, CCUS, COP28, Climate, Shell, CO2, Petroleum, Multimedia, Nature, HKG, BASF, Memorandum of understanding, Conference, Tree, Biodiversity, Utilization, Renewable energy, BRI

In 2022, Sinopec officially started to operate the mega-tonne Qilu-Shengli CCUS project, a milestone for China's CCUS industry phasing in mature commercial operation.

Key Points: 
  • In 2022, Sinopec officially started to operate the mega-tonne Qilu-Shengli CCUS project, a milestone for China's CCUS industry phasing in mature commercial operation.
  • It is China's first mega-tonne CCUS demonstration project and is estimated to reduce carbon emissions by 1 million tonnes per year, the equivalent of planting nearly 9 million trees.
  • The project is of great significance to establishing the "artificial carbon cycle" and provides extensive practical engineering experience and technical data for large-scale CCUS project in China.
  • The report also highlights Sinopec's path of promoting harmonious coexistence between human beings and nature, actively advancing green and clean production, developing a circular economy, conserving biodiversity, and taking proactive climate actions.

WGC2023 Publishes Beijing Declaration and the World's First Geothermal Industry Standard

Retrieved on: 
Mercredi, septembre 20, 2023
Policy, Geothermal energy, Congress, China Petrochemical Corporation, Climate change, 2010 World Geothermal Congress, Standard, Renewable energy, Sinopec

BEIJING, Sept. 20, 2023 /PRNewswire/ -- The 7th World Geothermal Congress (WGC2023) , hosted by China Petrochemical Corporation (Sinopec Group) , has officially published the world's first geothermal industry standards (the "Standards") and Beijing Declaration during the closing ceremony in Beijing.

Key Points: 
  • BEIJING, Sept. 20, 2023 /PRNewswire/ -- The 7th World Geothermal Congress (WGC2023) , hosted by China Petrochemical Corporation (Sinopec Group) , has officially published the world's first geothermal industry standards (the "Standards") and Beijing Declaration during the closing ceremony in Beijing.
  • Beijing Declaration expresses that, with the support of all parties, geothermal energy will become one of the most popular and competitive energy sources in the future.
  • In the meantime, Beijing Declaration is calling to strengthen public awareness and policy support for geothermal development, advance global technological innovation, promote geothermal technology and knowledge exchange, support global energy transformation, and push forward high-quality development of the global geothermal industry.
  • The Standard, which takes China's geothermal practices as a reference to formulate a sustainable utilization and development model of the whole life-cycle of geothermal energy, provides a comprehensive reference of technical standards for the global geothermal industry.

WGC2023 Publishes Beijing Declaration and the World's First Geothermal Industry Standard

Retrieved on: 
Mercredi, septembre 20, 2023
Policy, Geothermal energy, Congress, China Petrochemical Corporation, Climate change, Multimedia, 2010 World Geothermal Congress, Standard, Renewable energy, Sinopec

BEIJING, Sept. 19, 2023 /PRNewswire/ -- The 7th World Geothermal Congress (WGC2023) , hosted by China Petrochemical Corporation (Sinopec Group) , has officially published the world's first geothermal industry standards (the "Standards") and Beijing Declaration during the closing ceremony in Beijing.

Key Points: 
  • BEIJING, Sept. 19, 2023 /PRNewswire/ -- The 7th World Geothermal Congress (WGC2023) , hosted by China Petrochemical Corporation (Sinopec Group) , has officially published the world's first geothermal industry standards (the "Standards") and Beijing Declaration during the closing ceremony in Beijing.
  • Beijing Declaration expresses that, with the support of all parties, geothermal energy will become one of the most popular and competitive energy sources in the future.
  • In the meantime, Beijing Declaration is calling to strengthen public awareness and policy support for geothermal development, advance global technological innovation, promote geothermal technology and knowledge exchange, support global energy transformation, and push forward high-quality development of the global geothermal industry.
  • The Standard, which takes China's geothermal practices as a reference to formulate a sustainable utilization and development model of the whole life-cycle of geothermal energy, provides a comprehensive reference of technical standards for the global geothermal industry.