Sinopec

Binhai Investment introduces Sinopec Great Wall Gas as a strategic investor, which holds 29.99% equity and will become the second largest shareholder

Wednesday, April 29, 2020 - 8:30am

HONG KONG, Apr 29, 2020 - (ACN Newswire) - Binhai Investment Company Limited ("Binhai Investment" or the "Company", stock code: 2886.HK) is pleased to announce that Company (as issuer) entered into the Subscription Agreement with Sinopec Great Wall Gas Investment Co., Ltd ("Great Wall Gas", as subscriber).

Key Points: 
  • HONG KONG, Apr 29, 2020 - (ACN Newswire) - Binhai Investment Company Limited ("Binhai Investment" or the "Company", stock code: 2886.HK) is pleased to announce that Company (as issuer) entered into the Subscription Agreement with Sinopec Great Wall Gas Investment Co., Ltd ("Great Wall Gas", as subscriber).
  • Immediately after completion of the Subscription and the Disposal, TEDA HK, a controlling shareholder of the Company, holds 35.43% equity and Great Wall Gas holds 29.99% equity as second largest shareholder.
  • Great Wall Gas is the only platform and wholly-owned subsidiary of Sinopec Corporation, which is engaged in natural gas terminal utilization investment.
  • Therefore, it is expected that by introducing Great Wall Gas as a strategic investor of the Company, both sides will achieve supply chain synergy.

Sinopec Ranks First in Brand Value in China's Energy and Chemical Industry

Monday, May 11, 2020 - 12:08pm

Sinopec is valued at RMB 299.1 billion, making it the second-most valuable brand in China

Key Points: 
  • Sinopec is valued at RMB 299.1 billion, making it the second-most valuable brand in China
    BEIJING, May 11, 2020 /PRNewswire/ --China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec"), China's leading energy and chemical company, was named the number one brand in China's energy and chemical industry in terms of brand value at China Brand Day 2020, held on May 10.
  • Easy Joy's brand value reached RMB 16.1 billion, up by RMB 4.6 billion, while Great Wall Lubricant's brand value reached RMB 7.7 billion, up by RMB 600 million.
  • In the end, the brand value of 564 brands were announced on China Brand Day, totaling RMB 7.3563 trillion in value.
  • For the last 37 years, Sinopec has been committed to forging cleaner energy and chemical products through respondible, practical action.

Sinopec Ranks First in Brand Value in China's Energy and Chemical Industry

Monday, May 11, 2020 - 10:59am

BEIJING, May 11, 2020 /PRNewswire/ --China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec"), China's leading energy and chemical company, was named the number one brand in China's energy and chemical industry in terms of brand value at China Brand Day 2020, held on May 10.

Key Points: 
  • BEIJING, May 11, 2020 /PRNewswire/ --China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec"), China's leading energy and chemical company, was named the number one brand in China's energy and chemical industry in terms of brand value at China Brand Day 2020, held on May 10.
  • Easy Joy's brand value reached RMB 16.1 billion, up by RMB 4.6 billion, while Great Wall Lubricant's brand value reached RMB 7.7 billion, up by RMB 600 million.
  • In the end, the brand value of 564 brands were announced on China Brand Day, totaling RMB 7.3563 trillion in value.
  • For the last 37 years, Sinopec has been committed to forging cleaner energy and chemical products through respondible, practical action.

Sinopec Puts China's Largest Petrochemical Port into Operation

Saturday, May 9, 2020 - 6:29am

ZHANJIANG, China, May 9, 2020 /PRNewswire/ --Sinopec Corp (HKG: 0386), China's leading energy and chemical company, has put China's largest petrochemical port into operation with the successful docking and unloading of the New Renown, Crude Oil Tanker (VLCC) from the Middle East.

Key Points: 
  • ZHANJIANG, China, May 9, 2020 /PRNewswire/ --Sinopec Corp (HKG: 0386), China's leading energy and chemical company, has put China's largest petrochemical port into operation with the successful docking and unloading of the New Renown, Crude Oil Tanker (VLCC) from the Middle East.
  • The tanker was welcomed at the new 300,000-ton crude oil terminal of Sinopec Zhongke Refinery Port, which forms part of the company's industry-leading "front terminal, rear plant" production model.
  • Housed 1,100 meters from Sinopec's refinery plant, the petrochemical port features eight terminals including a 300,000-ton crude oil berth, 100,000-ton oil berth and supporting facilities providing a total capacity of 34 million tons per year.
  • Sinopec Corp. is one of the largest integrated energy and chemical companies inChina.

Sinopec Puts China's Largest Petrochemical Port into Operation

Saturday, May 9, 2020 - 5:30am

ZHANJIANG, China, May 9, 2020 /PRNewswire/ --Sinopec Corp (HKG: 0386), China's leading energy and chemical company, has put China's largest petrochemical port into operation with the successful docking and unloading of the New Renown, Crude Oil Tanker (VLCC) from the Middle East.

Key Points: 
  • ZHANJIANG, China, May 9, 2020 /PRNewswire/ --Sinopec Corp (HKG: 0386), China's leading energy and chemical company, has put China's largest petrochemical port into operation with the successful docking and unloading of the New Renown, Crude Oil Tanker (VLCC) from the Middle East.
  • The tanker was welcomed at the new 300,000-ton crude oil terminal of Sinopec Zhongke Refinery Port, which forms part of the company's industry-leading "front terminal, rear plant" production model.
  • Housed 1,100 meters from Sinopec's refinery plant, the petrochemical port features eight terminals including a 300,000-ton crude oil berth, 100,000-ton oil berth and supporting facilities providing a total capacity of 34 million tons per year.
  • To date, the 100,000-ton berth is the largest domestic refined oil terminal with a loading and unloading capacity of 5.61 million tons per year.

British Vlogger Stuart Releases Viral Video of Sinopec Yanshan Factory that Draws Million Views in Hours

Wednesday, April 22, 2020 - 11:25am

The video went viral with 1.5 million views in hours.

Key Points: 
  • The video went viral with 1.5 million views in hours.
  • Stuart followed the instructions of Xingqi Wang, the Manufacturing Director of Plasthetics in Sinopec Yanshan Factory, to help rolling the fabric to a cardboard and pack into mask-made preparation set.
  • To date, four meltblown non-woven fabric production lines of Sinopec Yanshan Factory have achieved mass production.
  • With a daily production capacity of 12 tons, Sinopec Yanshan Factory can provide key raw materials for 12 million medical masks on a daily basis.

British Vlogger Stuart Releases Viral Video of Sinopec Yanshan Factory that Draws Million Views in Hours

Wednesday, April 22, 2020 - 10:50am

The video went viral with 1.5 million views in hours.

Key Points: 
  • The video went viral with 1.5 million views in hours.
  • Stuart followed the instructions of Xingqi Wang, the Manufacturing Director of Plasthetics in Sinopec Yanshan Factory, to help rolling the fabric to a cardboard and pack into mask-made preparation set.
  • To date, four meltblown non-woven fabric production lines of Sinopec Yanshan Factory have achieved mass production.
  • With a daily production capacity of 12 tons, Sinopec Yanshan Factory can provide key raw materials for 12 million medical masks on a daily basis.

Global IMO 2020 Compliant Marine Oil Market Analysis to 2029 - Opportunities for ULSFO Compliant Marine Oil in Asia-Pacific & North America

Tuesday, January 14, 2020 - 8:00pm

The ultra-low sulfur fuel oil segment dominated the global IMO 2020 compliant marine oil market in 2018 and is anticipated to maintain its dominance throughout the forecast period (2019-2029).

Key Points: 
  • The ultra-low sulfur fuel oil segment dominated the global IMO 2020 compliant marine oil market in 2018 and is anticipated to maintain its dominance throughout the forecast period (2019-2029).
  • The IMO 2020 compliant marine oil market is segregated by region into four major regions, namely North America, Europe, APAC, and Rest-of-the-World.
  • The key market players in the global IMO 2020 compliant marine oil market include BP p.l.c., Exxon Mobil Corporation, Chevron Corporation, Royal Dutch Shell plc, China Petrochemical Corporation, Petrobras, PetroChina Company Limited, Indian Oil Corporation Ltd, Total, and Gazpromneft Marine Bunker Ltd.
    What are the trends in the global IMO 2020 compliant marine oil market across different regions?
  • Which type of marine oil is expected to witness the maximum demand growth in the global IMO 2020 compliant marine oil market during 2019-2029?

Celanese’s Ethylene-Based VAM Technology Listed as Green Technology by China Petroleum and Chemical Industry Federation

Monday, January 13, 2020 - 1:30pm

The designation was announced recently at a press event in Beijing by the China Petroleum and Chemical Industry Federation (CPCIF) in the Directory for Petrochemical Green Technology (2019 edition).

Key Points: 
  • The designation was announced recently at a press event in Beijing by the China Petroleum and Chemical Industry Federation (CPCIF) in the Directory for Petrochemical Green Technology (2019 edition).
  • Harvey Zhao, senior director of Celaneses Asia Acetyls business, was invited to attend the press event and award ceremony.
  • The 2019 revised edition will further contribute to the Green Petrochemical Industry in China.
  • Our businesses use the full breadth of Celanese's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation.

Recon Technology Signed Sludge Treatment Agreement with Huabei Oilfield

Thursday, December 19, 2019 - 1:30pm

NEW YORK, Dec. 19, 2019 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") today announced Gan Su BHD Environmental Technology Co., Ltd ("Gan Su BHD"), 51%-owned subsidiary of the Company's VIE affiliate, signed a one-year sludge treatment agreement with Sinopec Huabei Oilfield Branch Oil Extraction First Factory ("Huabei Oilfield").

Key Points: 
  • NEW YORK, Dec. 19, 2019 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") today announced Gan Su BHD Environmental Technology Co., Ltd ("Gan Su BHD"), 51%-owned subsidiary of the Company's VIE affiliate, signed a one-year sludge treatment agreement with Sinopec Huabei Oilfield Branch Oil Extraction First Factory ("Huabei Oilfield").
  • According to the agreement, Huabei Oilfield engages Gan Su BHD to dispose of the oily sludge of the Pingliang Industrial Zone.
  • The total fee is calculated by multiplying the actual transshipment sludge treatment tonnage by the unit price per ton (RMB 2,145, or approximately $306).
  • "In addition to signing this agreement with Huabei Oilfield, we have also reached other deals with other oilfields, such as Yumen Oilfield.