On April 16, Fan Chuanhong, Director and Party Secretary of Sinopec Star Petroleum Company, Sinopec’s flagship green energy enterprise, published a signed article on Sinopec News titled Building the “Thermal-Hydro-Power-Carbon” Industrial Chain to Boost New Energy Industrial Development. The article outlines the company’s core strategies to accelerate the high-quality, large-scale development of Sinopec’s new energy business and seize leading advantages in the low-carbon industry.
The article emphasizes that Sinopec Star Petroleum Company will adopt multiple measures to promote low-cost and large-scale application of green hydrogen. The company aims to build a demonstration model integrating green hydrogen production, storage, transportation and utilization, securing a leading position in the booming hydrogen energy industry.
In terms of green power business, Sinopec Star Petroleum Company is accelerating the implementation of integrated new energy projects. Closely following Sinopec Group’s layout of large-scale new energy bases, the company actively acquires supporting green power indicators and advances project landing, ensuring the timely commencement of key wind power and photovoltaic construction projects.
Sinopec Star Petroleum Company holds a special historical status within Sinopec Group. Originating from the Petroleum and Marine Geology Bureau under the former Ministry of Geology and Mineral Resources, the company achieved numerous strategic breakthroughs in national oil and gas exploration starting from the 1950s, most notably the discovery of Daqing Oilfield, laying a solid foundation for China’s early petroleum industry.
After being fully incorporated into Sinopec Group and transferring all oil and gas exploration assets to the headquarters, the company was officially positioned by Sinopec in 2015 as a professional new energy and green power flagship enterprise, marking its full strategic transformation toward clean energy development.
Sinopec Star Petroleum Company is committed to building a technology-driven, intelligent professional new energy service enterprise. By consolidating industrial foundations, activating innovation-driven momentum, optimizing institutional reform efficiency, and advancing six key strategic campaigns, the company strives to elevate the development quality of Sinopec’s new energy industry.
Adhering to the strategy of optimizing existing businesses and expanding incremental layouts, the company promotes coordinated development of four core sectors: geothermal energy, green hydrogen, green power, and carbon assets, forming a mutually supportive and synergistic new energy industrial ecosystem.
The company continues to consolidate its leading position in the geothermal energy sector. For incremental businesses, it focuses on expanding layouts in first-tier and second-tier cities, cooperating with external institutions to develop comprehensive energy projects integrating geothermal and solar thermal energy, and constructing multiple large-scale heating projects covering millions of square meters. For existing assets, refined lean management is applied to tap operational potential, reduce costs and increase efficiency, building benchmark projects for national geothermal development and utilization.
As an industry pioneer in green hydrogen demonstration development, Sinopec Star Petroleum Company promotes low-cost technological iteration and large-scale market application of green hydrogen. The company builds a full-chain demonstration model covering green hydrogen production, storage, transportation and terminal utilization, continuously seizes the commanding heights of the national hydrogen energy industry and leads the high-quality development of China’s green hydrogen economy.
Centering on Sinopec Group’s large-scale new energy base strategy, the company speeds up the implementation of integrated green power projects. It actively secures supporting wind and photovoltaic power indicators, accelerates project approval and construction progress, and ensures the rapid commencement and steady construction of key green power projects to consolidate the scale advantage of clean power assets.
The company strives to achieve breakthroughs in the carbon asset sector. It actively develops carbon asset projects under carbon inclusive mechanisms and international carbon emission reduction systems, converting the inherent carbon emission reduction advantages of new energy businesses into tangible economic benefits and green asset value.
In international business, Sinopec Star Petroleum Company explores a global development path for new energy. On the basis of consolidating its traditional overseas engineering advantages, the company increases investment in overseas new energy project development, enhances its international brand influence, and expands global energy cooperation space.
Sinopec Star Petroleum Company promotes in-depth integration of innovation chains, industrial chains, talent chains and capital chains, accelerating technological empowerment and intelligent upgrading of the new energy industry.
In the geothermal sector, the company applies AI modeling and digital simulation technology to improve the efficiency and accuracy of geothermal field exploration and development. Relying on professional geothermal large models for intelligent operation regulation, it builds a low-labor, high-efficiency, energy-saving and low-consumption intelligent operation and maintenance management system.
In the green hydrogen sector, the company tackles key technical difficulties in long-distance hydrogen pipeline transportation and support systems, and steadily promotes the industrial verification and application of new electrolyzer equipment. Through the construction of digital and intelligent green hydrogen systems, the company drives the transformation of green hydrogen business from pure scale expansion to high-quality and large-scale coordinated development.
