Sinopec's Significant Contracts Announced at CIIE 2025
China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") celebrated a landmark achievement at the recent China International Import Expo (CIIE 2025). The company engaged in fruitful discussions and a formal signing ceremony, securing contracts worth an impressive US$40.9 billion with 34 international partners from 17 different nations. This significant financial transaction encompasses a diverse array of purchasing agreements across 24 distinct products, spanning 10 major categories including crude oil, chemicals, equipment, materials, and consumer goods. Sinopec has now amassed over US$325 billion in orders throughout its participation in CIIE since its inception in 2018.
Focusing on Technological Advancements in Energy
The themed forum at CIIE 2025, titled Technology Driven, AI Empowered: The Future of Energy, centered around advancements in digital intelligence, technological innovation, and resilience in supply chains. It aimed to foster deeper international partnerships within the energy sector.
Zhao Dong, Sinopec's vice chairman and president, delivered an insightful address during the event moderated by Li Yonglin, a senior executive within the company. Attending the ceremony was Niu Shuanwen, another prominent figure at Sinopec, who signed agreements reinforcing Sinopec's commitment to collaborative innovation.
Commitment to High-Quality Development
During the event, Zhao Dong remarked on Sinopec's unwavering mission to champion high-quality development in the energy sector. He expressed that the organization is dedicated to strengthening its industrial base through technological advancements. The philosophy of ‘digital intelligence empowerment’ is central to Sinopec's strategy, aimed at creating value and leading the energy and chemical industries toward heightened sophistication, intelligence, and sustainability.
Zhao further highlighted the importance of long-term global partnerships, acknowledging that Sinopec’s growth is significantly supported by the steadfast trust of its international collaborators. With the upcoming 15th Five-Year Plan in sight, he emphasized Sinopec's aspiration to collaborate on scientific and technological innovations, overcoming development challenges, and forging new competitive advantages in the industry.
Accelerating Digital Innovation in Energy
In his address, Zhao Dong called upon all stakeholders to accelerate their efforts in digital intelligence empowerment. He illustrated the vision of integrating next-generation information technologies with the energy and chemical sectors, which is essential for stimulating new industrial drivers and ensuring progress.
He further emphasized Sinopec's initiative to enhance green and low-carbon collaborations, pushing for the clean and efficient utilization of traditional energy sources while simultaneously working on large-scale development of new energy resources. This dual approach is fundamental in formulating a sustainable development blueprint for the energy and chemical industry.
Industry Leaders Share Insights
The forum attracted senior executives from notable companies, including Datuk Sazali Hamzah from Petronas Chemicals Group, Axel Lorenz from Siemens, Aravind Yarlagadda of Baker Hughes, and Audun M. Martinsen from Rystad Energy, who delivered engaging keynote speeches addressing the future of the energy landscape.
Frequently Asked Questions
What is the total value of contracts Sinopec signed at CIIE 2025?
Sinopec signed contracts worth US$40.9 billion at CIIE 2025.
How many international partners did Sinopec engage with?
Sinopec engaged with 34 international partners from 17 different countries.
What was the theme of the forum at CIIE 2025?
The theme was Technology Driven, AI Empowered: The Future of Energy.
What are some key areas Sinopec is focusing on?
Sinopec is focusing on digital intelligence, technological innovation, and supply chain resilience.
Who were some of the notable speakers at the event?
Notable speakers included executives from Petronas Chemicals Group, Siemens, Baker Hughes, and Rystad Energy.
