about-sinopec
Chemicals
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In 2022, in the face of the downward business cycle and high costs for feedstock, the Company closely followed the market demand, optimised the structure of feedstock, facilities and products with a profit-driven orientation, maintained high utilisation rate in profitable facilities, and reduced products with no marginal contribution. We sped up construction of advantageous and advanced production capacities and shutting down of none competitive capacities. Integration of production, marketing, research and application was further cemented to develop highend products and new materials and to increase production of high valueadded products such as PV-grade EVA, metallocene polyolefin and polybutadiene rubber. The coal chemical business also witnessed improvement in both quality and efficiency. Annual ethylene production was 13.44 million tonnes. By strengthening strategic customer cooperation and tailor-made product service, the total chemical sales volume reached 81.65 million tonnes with all products sold, up by 0.1%.