The China Petrochemical Corporation (Sinopec Group) won the "Best Scientific and Technological Innovation Practice" award at the 2nd Sino-European Corporate ESG Best Practice Conference.

Initiated by the Chinese General Consulate in Frankfurt and co-organized by Xinhuanet and other Chinese and German organizations, the 2nd Sino-European Corporate ESG Best Practices Conference was held in Stuttgart with aim to pay tribute to the companies that have fared well in putting the ESG concept into practice and promote further cooperation between Chinese and European companies in this regard.

Wang Tao, Sinopec representative, delivers a speech at the Second Sino-European Corporate ESG Best Practice Conference in Stuttgart, Germany, June 26, 2025. (Photo by Pan Ting)

The Conference reviews and awards the best ESG application cases in six areas of environmental protection, social responsibility, corporate management, scientific and technological innovation, education and training, to further enhance mutual understanding between Chinese and European businesses, facilitate bilateral economic and trade exchanges, and showcase China’s open, inclusive and confident mindset to European society.

Sinopec's case on empowering the energy and chemical industry with technological innovation stood out from a wide range of submissions.

"Sinopec has harnessed technological innovation as a powerful engine on its journey toward peaking carbon dioxide emissions and carbon neutrality," the jury panel said. "By focusing on strategic areas such as oil and gas exploration and development as well as green and low-carbon transformation, the company is vigorously advancing high-end, intelligent, and green development."

Wang Tao (R), Sinopec representative, receives the "Best Scientific and Technological Innovation Practice" award at the 2nd Sino-European Corporate ESG Best Practice Conference in Stuttgart, Germany, June 26, 2025. (Photo by Pan Ting)

As an energy enterprise, Sinopec, leveraging its integrated full industrial chain innovation advantages, has been constantly exploring and making breakthroughs in areas such as the purification of traditional energy, the large-scale development of clean energy, and the low-carbonization of the production process, continuously empowering the modern society's development, said Wang Tao, Sinopec representative.

Driven by innovation, Sinopec’s Project Deep Earth unlocks ultra-deep oil and gas reserves for sustainable development. In shale gas exploration and development, Sinopec’s Fuling Shale Gas Field is the first in China with commercial development, boasting reserves of hundreds of billions of cubic meters.

In promoting the green and low-carbon technology, Sinopec built China's first megaton CCUS project as well as the world’s first 100-kilometer CO₂ transmission pipeline. Sinopec collaborates with Shell, China Baowu and BASF to launch the joint study on the first 10-million-tonne open-source CCUS project to provide a new path of decarbonization emphasizing both emission reduction and carbon sequestration.

Innovation is powering Sinopec to continuously break new ground and achieve intelligent transformation. In 2024, the world's first intelligent ethylene factory based on digital twin technology was put into operation, and Sinopec’s AI digital employee is now on duty at over 40 integrated energy stations to provide smart services to customers. 

During the conference, Sinopec also released the "World Energy Outlook 2060" report.