PR89629

CHANGZHOU, China, May 20, 2021 /PRNewswire=KYODO JBN/ --

Built by China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec"), the

Jiaze Gas Station located in Changzhou, Jiangsu Province is now China's first

gas station to achieve carbon neutrality as its distributed photovoltaic power

generation project (the "Project") officially goes into operation recently.

Comprehensively assessed by the authorities, the project can offset the power

consumption of the station, and the carbon emission reduction can offset the

carbon emissions, making this a  landmark achievement of great significance

across the industry.

The Jiaze Gas Station Project adopts the model of "self generation for self

usage with surplus power entering the grid," achieving an uninterrupted switch

with the State Grid. It uses photovoltaic power generation instead of

coal-fired power generation and supplies surplus power externally while meeting

the power demands of the station.

It is estimated the annual power generation of the Project is 127,000 to

147,000 kWh, which can reduce carbon dioxide emissions by 91.2 to 105.6 tons.

In 2020, the power consumption of the station was 99,000 kWh. Per the

calculation based on the theoretical 25 year-life cycle of the photovoltaic

power station, and in comparison with traditional thermal power projects,

emissions of 3,800 tons of carbon dioxide, 116 tons of sulfur dioxide and 56

tons of nitrogen oxide can be reduced throughout the whole life cycle.

In addition, the Jiaze Gas Station has implemented a series of measures to

reduce carbon emissions, including oil vapor recovery and sewage recovery and

treatment, to promote the construction and development of carbon-neutral gas

stations.

As China sets to achieve the target of reaching carbon emissions peak by 2030

and achieving carbon neutrality by 2060, Sinopec will push towards reaching net

zero emissions, centering on the vision of building a world-leading clean

energy chemical company, accelerating energy transformation and industrial

upgrading and actively constructing photovoltaic power generation stations. At

present, Sinopec has established 160 photovoltaic power generation stations in

the provinces of Hainan, Guangdong, Guangxi, Yunnan and more.

In the next five years, Sinopec will lay out 7,000 photovoltaic power

generation stations, and Sinopec Jiangsu Oilfield Company plans to build 900

carbon-neutral gas stations. Sinopec aims to make 'green and clean' the calling

card of the company through special models such as developing carbon-neutral

gas stations and planting carbon-neutral forests.

Looking forward, Sinopec will accelerate the creation of an integrated energy

service provider for 'oil, gas, hydrogen, electricity and non-oil services,'

promoting clean fossil energy, large-scale non-fossil energy and low-carbon

production processes to ensure that we reach carbon emissions peak by 2030, and

strive to achieve carbon neutrality by 2050, and make renewed contributions in

response to global climate change as a responsible corporation.

About Sinopec

Sinopec Corp. is one of the largest integrated energy and chemical companies in

China. Its principal operations include the exploration and production,

pipeline transportation and sale of petroleum and natural gas; the sale,

storage and transportation of petroleum products, petrochemical products, coal

chemical products, synthetic fiber, fertilizer and other chemical products; the

import and export, including an import and export agency business, of

petroleum, natural gas, petroleum products, petrochemical and chemical

products, and other commodities and technologies; and research, development and

application of technologies and information.

Sinopec sets 'fueling beautiful life' as its corporate mission, puts 'people,

responsibility, integrity, precision, innovation and win-win' as its corporate

core values, pursues strategies of value-orientation, innovation-driven

development, integrated resource allocation, open cooperation, and green and

low-carbon growth, and strives to achieve its corporate vision of building a

world leading energy and chemical company.

Visit Sinopec( http://www.sinopecgroup.com/group/en/ ).

SOURCE:  SINOPEC

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   Caption: Sinopec Builds China’s First Carbon-neutral Gas Station in Jiangsu.