第九届进博会中国石化采购签约达413亿美元At the 9th CIIE, Sinopec's procurement contracts reached 41.3 billion US dollars

On November 4th, the 9th China International Import Expo Sinopec-themed Forum and Sinopec Trade Sub-group Signing Ceremony were held in Shanghai. The forum, themed "Creating a Better Energy Future Together," aims to deepen digital intelligence empowerment, activate new quality productivity, expand global pragmatic cooperation, and gather development synergy.

At the signing ceremony, Sinopec successfully signed agreements with 37 partners from 18 countries and regions, involving 29 types of products across 14 categories including green and low-carbon, artificial intelligence, high-end equipment, and digital supply chains, with a total procurement signing amount of 41.3 billion US dollars. Public data shows that since the first China International Import Expo in 2018, Sinopec has accumulated more than 366 billion US dollars in signing amounts over the nine sessions of the Expo.

On the forum, Hou Qijun, Chairman of Sinopec, stated that as an important participant in the global energy industry chain, Sinopec actively seizes the trends of energy revolution and industrial transformation, fully embarking on a new journey of promoting transformation and upgrading and high-quality development through a second entrepreneurial initiative. Looking to the future, Sinopec has proposed three initiatives: first, to jointly build a resilient and efficient supply chain, strengthening deep cooperation in oil and gas resource development, LNG trade, pipeline construction, and reserve peak-shaving; second, to jointly draw a blueprint for green development, deepening exchanges and cooperation in carbon trading, green finance, and sustainable energy investment; third, to jointly build an open and innovative technological ecosystem, carrying out joint research in frontier areas such as deep and ultra-deep exploration and large-scale CCUS application.

Sinopec has stated that the company is willing to establish closer strategic partnerships with countries around the world, accelerate the transformation from a 'traditional energy producer' to a 'comprehensive energy supplier' and a 'carbon-reduction integrated service provider,' so that the results of innovative cooperation can benefit all parties, jointly building a renewable energy future that is green, low-carbon, safe, efficient, inclusive, and shared.

At the signing ceremony, Sinopec signed cooperation and procurement agreements with multiple foreign partners, continuously enriching its procurement categories. Among them, Sinopec Aviation Fuel Company signed an agreement with the Toke Group to procure biofuels. Both parties will fully leverage their advantages in resources and channels, deepen international aviation fuel trade and supply chain cooperation, enhance the global aviation fuel resource allocation and supply security, and expand cooperation in green energy such as Sustainable Aviation Fuel (SAF), promoting mutual benefit and win-win outcomes.

The signing ceremony was presided over by Tian Hongbin, Vice General Manager of Sinopec, and the thematic forum was hosted by Chen Yanbin, Vice General Manager of Sinopec. Executives from well-known domestic and foreign companies, including Tan Sri Dato’ Tengku Muhammad Taufik, President and CEO of Petronas, Barry, Senior Vice President of Global Energy at S&P Global, Brian White, Chairman of ExxonMobil LNG Market Development Company, and Diaz, Senior Vice President of Rystad Energy, delivered keynote speeches around the forum theme.

[Source: People’s Political Consultative Conference Online]