"Five Golden Flowers" In the 1960s, five key oil refining technologies—including catalytic cracking and catalytic reforming—known as the "Five Golden Flowers", ended China’s reliance on imported oil and laid the foundation for the modern refining industry.
Polyester Localization After a decade of research, Sinopec completed China’s first 100,000-ton/year domestic polyester project at Yizheng Chemical Fiber, driving leapfrog development in China’s large-scale chemical fiber industry. Core Ethylene & Aromatics Technologies Sinopec has repeatedly broken foreign monopolies by mastering complete sets of core technologies for large-scale ethylene and aromatics production. This has accelerated the growth of major industrial parks and fueled economic development in the Beijing-Tianjin-Hebei, Yangtze River Delta, and Pearl River Delta regions.
Deep Earth Project In 2023, Asia’s onshore deepest well was drilled in the Tarim Basin, achieving a major oil and gas breakthrough in the new fault zone of "Deep Earth No.1". On November 15, 2023, the well reached a total depth of 9,432 meters and delivered high-yield oil and gas flows during testing.
Hydrogen Energy Leader On February 4, 2022, Sinopec led the R&D of the carbon fiber composite shell for the Beijing Winter Olympics torch and its mass production. The torch used hydrogen as fuel to light the Olympic cauldron. Sinopec has built an integrated "Oil-Gas-Hydrogen-Electricity-Service" energy station network, with 144 hydrogen refueling stations across China—making it the world’s largest operator of hydrogen refueling stations and a leader in the hydrogen energy industry chain.
Beijing 2022 Winter Olympics Torch Sinopec
Geothermal Development Benchmark In September 2023, Sinopec successfully hosted the 7th World Geothermal Congress. Its geothermal heating capacity exceeds 96 million square meters. In April 2024, the Fushen Re-1 well in Hainan was completed at a depth of 5,200 meters, setting a new national record for the deepest geothermal scientific exploration well in China. Breakthroughs in High-End Materials & "Bottleneck" Technologies Sinopec has made significant progress in key core technologies, including continental shale oil/gas exploration, 5G smart node instruments, rotary geosteering drilling, high-temperature logging, heavy oil catalytic cracking, aviation lubricants, and hydrogen fuel cell catalysts. Its patent quality has ranked first among central SOEs for years.
Stable Oil & Gas Supply Operating a nationwide network of 30,000+ gas stations, Sinopec serves as the energy lifeline of the national economy. Emergency Production Capacity During the COVID-19 pandemic:
Transition to Integrated Energy Service Provider By the end of 2024, Sinopec’s charging and battery-swapping network covered 370+ cities nationwide, creating a "One National Network" to deliver efficient charging and comprehensive services for diverse energy needs.
Targeted Poverty Alleviation Innovating a "Education + Consumption + Industry + Party Building" model, Sinopec lifted 8 counties and 750 villages out of poverty by 2020. It has ranked "Excellent"—the highest grade—in central SOE poverty alleviation assessments for 8 consecutive years, setting a benchmark for rural revitalization.
Public Service Network By the end of 2024, Sinopec had built:
Every major technological breakthrough stems from the long-term dedication of top-tier R&D talent. Leading patent output reflects innovation vitality. Sinopec is committed to becoming a "key talent hub and innovation powerhouse in the energy and chemical sector", integrating into the national science and technology innovation system.
President Xi Jinping has emphasized the need to build world-class enterprises with superior products, outstanding brands, leading innovation, and modern governance—a guiding principle for Sinopec’s development.
"The petroleum sector has always been a banner of China’s reform and development. We must uphold this banner and strive for new achievements in ensuring national energy security and supporting socioeconomic growth." The Petroleum Spirit and Sinopec Tradition define the company’s core identity and mission.
Sinopec leverages its unique role as a central energy and chemical SOE in China’s modernization, serving national priorities and advancing toward a new era of high-quality development.
Embedding reform into its corporate DNA, Sinopec aims to be a pioneer in SOE reform. Prioritizing high-quality growth, it enhances resilience, innovation, and risk management to become a world-leading enterprise.
Under the "Dual Carbon" goals, competition in green and low-carbon development is critical. Sinopec is accelerating its transition to an integrated energy service provider and leading the industry’s sustainable growth.
For 42 years, Sinopec has lived its mission: "Love China, Revitalize Petrochemicals" and "Fuel a Better Life". Understanding its technological evolution, industrial layout, and talent strategy is key to joining this great endeavor.
