Sinopec, Total to build sustainable aviation fuel plant

Chinese state-owned Sinopec, opens new tab and French oil major TotalEnergies, opens new tab have signed an agreement to produce sustainable aviation fuel (SAF), a statement released by Sinopec said. The companies will jointly build and operate a SAF unit at one of Sinopec’s refineries in China, with an annual production capacity of 230,000 metric

NYK strikes long-term LNG charter deal with Sinopec

Japanese shipowner Nippon Yusen Kaisha (NYK) has landed a long-term LNG charter deal with China Petroleum & Chemical Corporation (Sinopec). The contract will see NYK ship LNG to China for up to 23 years, beginning in 2024 or later. No further details have been disclosed. Sinopec has been working to secure vessels to facilitate the

COSCO and Sinopec venture readies LNG carrier orders

China Energy Shipping Investment (CESI), a joint venture between COSCO Shipping and Sinopec, is set to order three 175,000 cu m LNG carriers worth around $761m. In a regulatory filing, Sinopec said the Hong Kong-incorporated investment holding company, 51% owned by Shanghai Cosco Shipping LNG, a subsidiary of COSCO Shipping Energy Transportation and 49% owned

LONGi – China’s First 10,000-ton Green Hydrogen Refinery Project Starts Operation

China’s Sinopec announced that the nation’s first 10,000-ton green hydrogen demonstration project had successfully produced hydrogen, and the output hydrogen was piped to local petroleum refining enterprises to replace the existing natural gas fossil energy as a power source. So far, the project has successfully realized the whole process from production to utilization of green

Sinopec’s green hydrogen plant starts production

Sinopec's first green hydrogen facility - has the capacity to produce 20,000 metric tonnes of hydrogen per year, using solar power to electrolyse water.

Sinopec puts first hydrogen refueling station into operation

Sinopec put China’s first integrated methanol-to-hydrogen and hydrogen refueling service station into operation. The integrated complex in Dalian, Liaoning province can produce 1,000 kilograms of hydrogen, with a high purity of 99.999 percent, a day, Yicai Global learned from Sinopec’s public relations department. Beijing-based Sinopec will promote the service model at its 30,000 gas stations

Saudi Aramco enters into refinery building contract with Sinopec

Sinopec has signed a deal with Saudi Aramco to build a Phase II 16 million-ton-a-year refining project. Sinopec has signed a framework agreement with Saudi Aramco to build a Phase II 16 million-ton-a-year refining project and 1.5 million-ton-year ethylene units in Gulei, Fujian. The project is expected to be completed and operating by the end

Amid strong demand for diesel exports Chinese refiners increases its production  

China’s refined oil product exports in November are set to hit the highest since April 2020 as refiners ramp up output to multi-month highs to boost diesel supply and profit, offsetting the impact of slower domestic demand from COVID-19 restrictions. The world’s top two refiners – the United States and China – are processing more

Sinopec purchases Russian crude

China’s Sinopec Corp has cut its purchases of Russia’s ESPO crude oil in July as other buyers, including from India, were willing to pay higher prices. Sinopec bid at discounts of about $20 a barrel below the price of Middle East benchmark Dubai on a free-on-board basis for July shipments, similar to what it paying

Sinopec plans to increase domestic LNG production

China’s state-owned oil and gas company Sinopec plans to boost natural gas production by 4.8% in 2022 and continue developing the gas supply chain to meet decarbonization and energy security targets, Chairman Ma Yongsheng said. “The natural gas business will not only support the company’s transformation, but also generate good profit, because of which we