Founded in 2004, Sinopec Qingdao Refining & Chemical Co., Ltd. is a super-large integrated petrochemical joint venture co-invested by Sinopec, Shandong Provincial Government and Qingdao Municipal Government, with a capital contribution ratio of 85:10:5. The company’s 10 million tons per annum single-train refining project is the first nationally approved single-series ten-million-ton-level refinery in China. It serves as a core strategic project for Sinopec to optimize domestic refining layout and build the Bohai Rim petrochemical industrial cluster.
Driven by continuous technological upgrading and lean refined management for nearly two decades, the enterprise has achieved leading comprehensive refining competitiveness across the Asia-Pacific region. It has obtained multiple authoritative national and industry-level honors: awarded the Advanced Central Enterprise collectively by the Ministry of Human Resources and Social Security and SASAC. Besides, it has ranked No.1 on the National Energy Efficiency Leader List released by China Petroleum and Chemical Industry Federation for 12 consecutive years, and won the National Water Efficiency Leader List for 4 consecutive years.
Centering on new quality productivity development, the company targets to build Qingdao’s No.1 hydrogen energy supply enterprise. It actively promotes the construction of integrated production, research and processing demonstration parks, and is officially included in the national Hydrogen Entering Ten Thousand Households technology demonstration project.
To accelerate clean energy transformation, Sinopec Qingdao Refining develops distributed photovoltaic power generation and alkaline water electrolysis hydrogen production. It also conducts targeted research on offshore floating photovoltaic power for green hydrogen production. Following the development strategy of generating power from solar energy and producing hydrogen from marine resources, the company strives to build a stable local green hydrogen supply system in Qingdao and pioneer regional marine-solar integrated zero-carbon energy models.
