China Petrochemical Corporation Overview
Company Headquarters: Beijing, China
Founded: 1998
Workforce: ~ 5,82,648
Company Working: China Petrochemical Corporation (Sinopec) is a vertically integrated energy and chemical company. This corporation manufactures, markets, stores, and moves petrochemicals, chemical fibers, chemical fertilizers, and other chemical products. Additionally, it takes part in activities including oil and gas exploration, production, extraction, marketing, and oil refining. The company also works as an import and export agency for commodities such as crude oil, natural gas, refined oil products, petrochemicals, chemicals, and other technologies. It also conducts research, development, and application of technology and information. Its product line includes petrochemical products like synthetic resin, synthetic fiber monomers & polymers, synthetic rubber, synthetic fiber, chemical fertilizers, lubricants, and petrochemical intermediates in addition to refined oil products like petrol, diesel, and jet fuel. The business also exports pressure vessels, cables, seamless pipes, drilling and fracturing equipment, and other goods. The company has operations in 23 nations, including Singapore and China.
Strategy
China Petrochemical Corporation’s aim is to promote innovation and technical development in critical, advanced, and fundamental technologies as well as in high-end chemicals, novel materials, state-of-the-art coal chemical technology, and new energy products. Additionally, China Petrochemical Corporation encourages the study and creation of innovative methods for oil and gas exploration. Moreover, the corporation aims to build a technology-leading business by advancing core technologies, encouraging mechanism reform of the technological system, accelerating intelligent applications, and changing digitally. Furthermore, the company aims to start pilot ultra-deep exploration projects and push the limits of depth by developing deep marine facies geological theories, and exploration technologies that are driven by innovation.
