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China Petroleum & Chemical Corporation (0386.HK)
- PR Newswire
Sinopec Completes Drilling of China's Deepest Geothermal Exploration Well of 5,200 Meters
China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has successfully completed the drilling of China's deepest geothermal exploration well, the Fushen-1 Well in Hainan with a well depth of 5,200 meters. The milestone has revealed the mechanism of deep geothermal formation and enrichment in South China, the new breakthrough in the exploration of hot dry rock in terms of demographic region and depth is of great significance to enhance the large-scale development and utilization of geothe
- Reuters SG
MOVES-China Sinopec to appoint new head for trading arm Unipec, sources say
China's Sinopec Corp is set to promote its Asia trading chief Wang Yahang to become general manager of its trading arm Unipec, several senior trading sources said. Wang, 51, who started as a gasoline trader with Unipec, was in charge of Unipec Singapore for about eight years. Sinopec is the world's largest refiner by capacity and last year processed a record volume of crude oil at 5.15 million barrels per day.
- PR Newswire
Sinopec and TotalEnergies Ink Agreement for Sustainable Aviation Fuel Production
China Petroleum & Chemical Corporation (HKG:0386, "Sinopec") has inked a landmark heads of agreement (HoA) with TotalEnergies in Beijing, embarking on a joint venture to produce sustainable aviation fuel (SAF) from waste oils at one of Sinopec's refineries. The partnership aims to achieve an annual production capacity of 230,000 tons, with the new production line co-operated by both entities.
