Recently, Sinopec announced that it will cooperate with GCL Group, Trina Solar, Longji Group, and Zhonghuan Electronics in a broader field and deeper level of cooperation around the new energy industry chain. As early as the beginning of 2020, Sinopec Group stated that it will focus on building a "one base, two wings, three new" development pattern based on energy resources, with clean energy and synthetic materials as the two wings, and new energy, new economy, and new fields as important growth points.
In recent months, Sinopec’s capital investment has been active, and it has successively deployed photovoltaic materials, high-end polylactic acid degradable materials and other fields. In addition, it also focuses on high-end materials and enters new industries, which also reveals the new trend of Sinopec’s transformation. .
Established a new material technology company
To build a world-class new chemical material base
On December 22, 2020, Sinopec New Material Technology (Shanghai) Co., Ltd. was established, 100% controlled by Sinopec, with a registered capital of 2 million yuan. It is mainly engaged in technologies in the fields of new material technology, new energy technology, chemical technology, and environmental protection technology. Services, technology development, etc. The establishment of the company further demonstrates Sinopec's emphasis on new materials and new energy.
On September 27, 2020, China Petrochemical Corporation and Tianjin Municipal Government signed a strategic cooperation framework agreement to jointly promote cooperation in petrochemical, natural gas, hydrogen energy and other fields. Sinopec will use Tianjin as its industrial development base, vigorously promote the pilot R&D and industrialization of the latest technology in Tianjin, and build Tianjin Nangang Industrial Zone into a world-class new chemical material base.
On September 23, 2020, Sinopec Ningbo New Materials Research Institute held an unveiling ceremony. The research institute is jointly established by Sinopec and Ningbo Municipal Government, and will be a powerful alliance with Sinopec Beijing Research Institute of Chemical Industry, Ningbo Institute of Materials, Chinese Academy of Sciences, Tsinghua University, East China University of Science and Technology, Dalian University of Technology and other institutions. Taking high-end polyolefin materials, advanced fine chemical synthesis technology, advanced plastic processing technology development, and intelligent manufacturing technology as the research and development direction, promote the high-quality development of the petrochemical industry.
Established a professional investment platform
Entering into strategic emerging industries such as photovoltaics
As early as 2018, Sinopec Group Capital Co., Ltd. was established as a professional investment platform under Sinopec. It found strategic investment opportunities through financial investment, focusing on new energy, new materials, energy conservation and environmental protection, high-end intelligent manufacturing, big data and labor. Strategic emerging industries such as intelligence.
On December 18, 2020, Sinopec Capital announced that it would invest in Changzhou Baijia Era Thin Film Technology Co., Ltd., to deploy new energy and new materials for photovoltaic power generation, and to cooperate in the development of high-end photovoltaic film materials, which will meet the domestic demand for high-end products. PARKnSHOP is one of the leading companies in the field of photovoltaic film materials in the world. The photovoltaic film material products produced by PARKnSHOP will help expand Sinopec’s high-end chemical material industry chain and increase the added value of products.
On August 21, 2020, Sinopec Capital announced that it will invest in Fengyang Silicon Valley Intelligent Co., Ltd. to deploy the ultra-thin photovoltaic and photovoltaic display special glass industry chain. This investment conforms to Sinopec's development direction of "building the world's leading clean energy chemical company". It combines financial investment and industrial synergy, and will help Sinopec to take greater steps in new energy and new fields.
In November 2020, two companies invested by Sinopec Capital went public and successfully landed in the capital market.
On November 24, 2020, Zhejiang Supcon Technology Co., Ltd. invested by Sinopec Group Capital Co., Ltd. was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange. Zhejiang Supcon is one of the leading companies in the field of industrial automation, mainly engaged in intelligent manufacturing products. And solutions. On November 27, 2020, Xinxiang Ruifeng New Materials Co., Ltd. invested by Sinopec Group Capital Co., Ltd. was listed on the Growth Enterprise Market of Shenzhen Stock Exchange. Ruifeng New Materials' leading position in the lubricant additive industry track and management Entrepreneurial spirit.
Layout high-end biodegradable materials
stride into the field of high-end new materials
At the end of 2020, Sinopec Great Wall Energy Chemical (Guizhou) Co., Ltd. launched the first public announcement on the environmental impact assessment of the 500,000 tons/year polyglycolic acid (PGA) project. The project site is located in the New Energy Chemical Base (Moda Village) of Zhijin County, Bijie City, Guizhou Province. Among them, the first phase will build 200,000 tons of polyglycolic acid per year, and the second phase will build 300,000 tons of polyglycolic acid per year.
On December 29, 2020, Sinopec Capital announced that it would invest in Zhejiang Hisun Biomaterials Co., Ltd. to deploy high-end polylactic acid biodegradable materials. This investment combines financial investment and industrial synergy, and will help Sinopec to take greater steps in the field of high-end new materials for degradable plastics.
In addition to biodegradable materials, Sinopec is also deploying high-end graphite material projects in Jiangsu.
In September 2020, Sinopec Capital Corporation and a local enterprise located in Lianyungang City, Jiangsu Province jointly established Jiangsu Jinling Chuanglian New Materials Co., Ltd., settled in Haizhou Bay Biotechnology Park, Ganyu District, Lianyungang City, and deployed high-end graphite material calcining needles Coke project to create a high-end graphite material brand. The first phase of the project will build a 50,000-ton/year calcined needle coke production line, which is expected to be completed and put into operation in September 2021.
Accelerate the layout of the hydrogen energy industry
Promote the development of green hydrogen industry
Sinopec has accelerated its deployment in the hydrogen energy industry in recent years, and has carried out work in various fields such as hydrogen refueling stations, hydrogen production technology, hydrogen fuel cells, and hydrogen storage materials.
Sinopec's hydrogen production in 2019 exceeded 3 million tons, accounting for about 14% of the national hydrogen production; several oil-hydrogen combined demonstration stations have been built and put into use in Guangdong, Zhejiang, Shanghai and other places. As a strategic partner of the 2022 Beijing Winter Olympics, Sinopec has also cooperated with the Beijing Winter Olympics Organizing Committee on the supply of hydrogen energy.
On October 10, 2020, Sinopec Group Capital Co., Ltd., Enze Haihe (Tianjin) Equity Investment Fund Partnership and Cummins (China) Investment Co., Ltd. signed a letter of intent for cooperation in Beijing. They will use the advantages and resources of all parties to jointly promote electrolyzed water. The development and promotion of hydrogen production technology promotes the development of the green hydrogen industry.