Sinopec has been honored with the "Best Scientific and Technological Innovation Practice" award at the 2nd Sino-European Corporate ESG Best Practice Conference, recently held in Stuttgart. Sinopec's entry, titled Breakthrough in Depth, Climb to New Heights — Empowering the Energy and Chemical Industry with Technological Innovation, distinguished itself among a wide range of submissions.

“Sinopec has leveraged technological innovation as a driving force in its pursuit of carbon peaking and carbon neutrality,” noted the jury panel. “By prioritizing strategic areas such as oil and gas exploration, development, and green, low-carbon transformation, the company is actively promoting high-end, intelligent, and sustainable growth.”

Leveraging its integrated, full-industry-chain innovation capabilities, Sinopec is expanding clean energy solutions and accelerating decarbonization across its operations, continuously contributing to sustainable social development.

Driven by innovation, Sinopec’s Project Deep Earth—dubbed the “Mount Everest underground”—aims to unlock ultra-deep oil and gas reserves, paving the way for a greener future. In shale gas exploration, Sinopec’s Fuling Shale Gas Field stands out as China’s first commercially developed site, with proven reserves reaching hundreds of billions of cubic meters.

Sinopec has developed China’s first megaton-scale CCUS project and the world’s first 100-kilometer CO₂ transmission pipeline. The company is also partnering with Shell, China Baowu, and BASF on a joint study for the world’s first 10-million-tonne open-source CCUS project—offering a new decarbonization pathway that balances both emission reduction and carbon sequestration.

As part of its push for green and low-carbon technologies, Sinopec developed China’s first megaton-scale CCUS project and built the world’s first 100-kilometer CO₂ transmission pipeline. In collaboration with Shell, China Baowu, and BASF, Sinopec has also initiated a joint study on the world’s first 10-million-tonne open-source CCUS project, aiming to establish a new model of decarbonization that integrates both emission reduction and carbon sequestration.