High-quality development is a must-go path for Chinese central state-owned enterprises (SOEs) and should be appropriately valued and worked on, Ma Yongsheng, a member of the 13th Chinese People's Political Consultative Conference (CPPCC) National Committee, said in a recent interview.
Ma, also chairman of China Petrochemical Corporation (Sinopec Group), explained that Sinopec Group's goal during China's 14th Five-Year Plan (2021-25) period is to carve a high-quality development path.
He said that the company will step up efforts to develop oil and gas, push forward breakthroughs in shale oil and gas exploration and promote coordinated development of natural gas production, supply, storage and distribution to realize improvement in reserve discovery, output and efficiency.
Ma stressed that the envisioned development of Sinopec Group cannot go forward without continuing reform and renovation.
Therefore, the company plans to launch a series of reform measures and build several national major science and innovation platforms to carry out ground-breaking basic research.
Ma mentioned that during the Beijing 2022 Winter Olympic Games, Sinopec Group played a key role in research and development of the Olympic torch.
He introduced that the main material of the torch's shell was made of carbon fiber composite materials using an independently-developed technology, making the torch firm, light and artistic.
The main flame of the torch at the National Stadium was lit with hydrogen, which is environmentally-friendly and at the same time guarantees ignition in cold winter.
The company also arranged 49 oil supporting stations, 29 liquefied natural gas stations and four hydrogen stations in Beijing and North China's Hebei province, and delivered 165 metric tons of hydrogen and served more than 9,000 vehicles for the Games.
In response to China’s goal of peaking carbon dioxide emissions by 2030 and reaching carbon neutrality by 2060, Ma said that Sinopec Group will enhance low-carbon transformation of traditional energies, strengthen green energy supplies, improve energy utilization efficiency, push forward carbon reduction and recycling, and promote carbon asset management.
By 2025, the company plans to have built 1,000 hydrogen stations and oil-hydrogen stations, 5,000 charging stations and 7,000 distributed solar power stations.
(Executive editor: Niu Yilin)
