PR97936

BEIJING, Sept. 20, 2022 /PRNewswire=KYODO JBN/ --

China Petroleum & Chemical Corporation's (HKG: 0386, "Sinopec") has released

its 2021 Corporate Responsibility Report lately, highlighting its clean energy

development with 104 of its subsidiaries recognized as Green Enterprise and an

annual carbon emission reduction of 2.38 million tons.

"Sinopec fulfills our responsibility as a global corporate citizen. We align

with the development trend of economic globalization and China's opening up,

serving the 'Belt and Road' initiative and giving full play to oil and gas

exploration and development, petroleum and petrochemical engineering services,

chemical products, equipment and materials trade, warehousing investment and

more to promote mutually beneficial cooperation with many countries and regions

to serve the sustainable development of the global economy and society," said

Ma Yongsheng, President of Sinopec.

Sinopec's steady development of clean energy is anchored in building the "No.1

hydrogen energy company in China", its annual hydrogen production capacity has

exceeded 3.5 million tons, which accounted for 14 percent of the national

total. Sinopec's Fuling shale gas field has an accumulative gas production of

45.4 billion cubic meters, and the company's geothermal heating capacity is now

more than 80 million square meters.

Sinopec is also striving to become a practitioner of environmental protection,

a driver of ecological civilization, and a constructor of a beautiful China

with active carbon footprint research and continuous participation in carbon

trading. In 2021, it has recorded 9.7 million tons in carbon trading volume

with transaction value of 414 million yuan (US$ 61 million), and innovatively

established the "Niukouyu Wetland "garden factory and "Egret Garden" green

factory.

In supporting rural revitalization, Sinopec has offered partner assistance to

promote sustainable development in eight counties and 616 villages, investing a

total of 192 million yuan (US$ 28.29 million) with 940 personnel stationed in

the villages.

To date, Sinopec's Lifeline Express program has assisted over 50,000 cataract

patients, while its Drivers' Home program has established 2,178 homes for truck

drivers and 3,520 "care stations". Sinopec is also actively engaged in poverty

alleviation and invested a total of 192 million yuan (US$ 28.29 million) in

2021 to support poverty-stricken areas.

For more information, please visit Sinopec.

SOURCE: SINOPEC

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   Caption: Sinopec Releases 2021 CSR Report, Underlines Clean Energy, Sustainability and

Sharing Fruits of Development with Society.