China News Service, March 29. On March 29, at the 2020 annual performance cloud video conference of Sinopec Corp., Sinopec Chairman Zhang Yuzhuo introduced the company’s future development to capital market investors and the news media, and solemnly announced, Sinopec will take net zero emissions as the ultimate goal, and strive to achieve carbon neutrality 10 years ahead of the national commitment, and make positive contributions to the response to global climate change.
In the past year, in the face of severe impacts such as the outbreak of the epidemic, the plunge in oil prices, and the sharp drop in demand, Sinopec has coordinated epidemic prevention and control and production and operation, insisting on focusing on major contradictions, system optimization, bottom line prevention and control, and crises as opportunities. We made every effort to create benefits and achieved industry-leading operating results, achieving a net profit of 33.1 billion yuan.
Over the past year, Sinopec has firmly fulfilled its social responsibilities, tried its best to serve China and the global anti-epidemic situation, devoted itself to poverty alleviation and poverty reduction, and fully supported the preparations for the Beijing 2022 Winter Olympics.
Zhang Yuzhuo said that Sinopec will actively embrace the energy revolution and industrial transformation, seize opportunities, take advantage of the situation, firmly implement the world's leading development strategy, and implement the six major areas of value-oriented, market-oriented, innovation-driven, green and clean, open cooperation, and talented enterprises. The development strategy is to promote the formation of a "one base, two wings and three new" industrial structure based on energy resources, clean oil products and modern industries as its two wings, and new energy, new materials, and new economy as important growth poles. "Life is Beautiful" image, and strive to build the world's leading clean energy chemical company.
In the context of carbon peak and carbon neutrality, Sinopec will coordinate the transformation and upgrading and carbon reduction process, structural optimization and carbon emission control, and on the basis of in-depth systematic research, put forward the ultimate goal of net zero emissions and promote fossil energy. Clean energy, large-scale clean energy, low-carbon production process, ensure that carbon dioxide peaks before the national carbon peak target, strive to achieve carbon neutrality by 2050 10 years ahead of the national target, and make new contributions to addressing global climate change.
Zhang Yuzhuo emphasized that Sinopec will take hydrogen energy as the main direction of the company's new energy business. During the "14th Five-Year Plan" period, it will plan to build 1,000 hydrogen refueling stations or oil-hydrogen combined construction stations to build "China's largest hydrogen energy company"; Optimize and upgrade the oil product sales network, accelerate the creation of a comprehensive energy service provider for "oil, gas, hydrogen, electricity, non-electricity"; vigorously develop degradable materials, high-end polyolefins, and high-end synthetic rubber, and achieve major breakthroughs in the development of new materials.
At the same time, it will actively accelerate the low-carbonization process.
Zhang Yuzhuo finally emphasized that this year is the first year of the "14th Five-Year Plan" and the year that Sinopec will implement the world's leading development strategy. As the largest energy and chemical company in China, Sinopec will deeply explore the major development opportunities contained therein, continue to give play to its integration advantages, market advantages, brand advantages and talent advantages, based on the new development stage, implement new development concepts, and help the new development pattern Promote high-quality development in all aspects during construction.