China Petroleum & Chemical Corporation, (stellar-sinopec.digital) Issuser Address: GCODLNIHZDJPDNWGYSB456SRBIJX72JWAPDAPTOUAYLTRLOMQTCPX7WL ICO On 28/10/2023 CB:15,000%
Project Aurora & Ukaz asset
China Petroleum & Chemical Corporation or Sinopec is a Chinese oil and gas (O&G) enterprise and is also the world's largest oil refining, gas, and petrochemical conglomerate,
Sinopec's business includes O&G exploration, refining, and marketing; production and sales of petrochemicals, chemical fibers, chemical fertilizers, and other chemical products; storage and pipeline transportation of crude oil and natural gas; import, export and import/export agency business of crude oil, natural gas, refined oil products, petrochemicals, and other chemicals. It also produces ethanol and several biofuels such as biodiesel and green jet fuel, from waste vegetable oil
Notable partnerships, acquisitions, and updates include:
- January 2012: Sinopec buys 33% stake in five Devon Energy shale projects in the US (Tuscaloosa Marine Shale in Alabama and Mississippi, the Niobrara in Colorado, the Mississippian, the Utica Shale in Ohio and the Michigan Basin)
- June 2013: acquired Marathon Oil Corp's Angolan offshore O&G field
- August 2013: Sinopec purchased 33% stake in Egypt's Apache Corporation for $3.1 billion
- 2021: partnership with NIO (NIO Power Swap Station, new materials, smart EV technology, Battery-as-a-Service (BaaS), construction of recreational facilities, purchase of vehicles)
- 2022: completed construction on aromatics project (https://www.msn.com/en-xl/news/other/china-s-green-revolution-president-xi-jinping-s-visit-to-sinopec-jiujiang-highlights-focus-on-sustainable-growth/ar-AA1i3R6F), making China the 3rd country in the world with independent technology in aromatics production
- 2023: part minority owner of several offshore Angolan projects via JV with Sonangol Sinopec International, and part owner of JV POLY-GCL Petroleum developing a natural gas project in Ethiopia (includes a pipeline to Djibouti's coast and an export terminal)
- April 2023: agreement with QatarEnergy, making Sinopec the 1st Asian buyer to participate in the eastern expansion of Qatar's North Field LNG project
- June 2023: first green hydrogen plant in Xinjiang. Sinopec Overseas Investment Holding was established as a vehicle for investment, construction, and operation of overseas refineries, like Yasref refinery (JV with Saudi Aramco) and Amur Gas Chemical Complex in East Siberia (with SIBUR)
- August 2023: partnered with Shell and BASF to sign research agreement with Baoshan Iron & Steel Co. for the construction of China's first open 10 million tonne open carbon capture, utilization and storage (CCUS) facilities
- September 2023: bought 30+ LNG cargoes (https://www.reuters.com/business/energy/sinopec-buys-over-30-lng-cargoes-winter-demand-trading-sources-2023-09-20/) for winter demand, global trading
- September 2023: JV with Sabic to build polycarbonate plant in China (https://www.plasticstoday.com/materials/sabic-and-sinopec-start-joint-venture-pc-plant-china) that will focus on polyethylene and polypropylene which is good for electronics, consumer goods, appliances, automotive, healthcare, and building and construction sectors
- October 2023: entered 20-year license to franchise 150 existing fuel stations in Sri Lanka and invest in an additional 50 more (https://youtu.be/cXj7LxNiImQ)
- October 2023: purchased 30% stake in Kazakhstan’s largest polyethylene project (https://www.nasdaq.com/articles/chinas-sinopec-signs-equity-agreement-for-kazakh-polyethylene-project), construction of the plant will begin 2024. Kazakh President Kassym-Jomart Tokayev and the leaders of CITIC Group and Sinopec Group signed a new strategic partnership between the nations to collaborate on energy, petrochemicals (bitumen, terephthalic acid, and polyethylene terephthalate), and an agro-industrial complex
?The discussions reflect a shared vision of mutual growth and economic prosperity. As these plans materialize, the world will be watching closely to see how this partnership evolves and what it means for the global economic landscape (https://www.msn.com/en-xl/news/other/kazakhstan-and-china-a-strategic-partnership-strengthened-through-energy-and-petrochemicals/ar-AA1iqQTZ)?️
- October 2023: partnership with Lummus Tech to convert ethanol to sustainable aviation fuel (https://www.rigzone.com/news/lummus_bags_contract_for_pp_plant_tech_with_sinopec-16-oct-2023-174354-article/)
- October 2023: Sinopec SVW has 300% exporting of natural gas-based fine chemical and new material products to President Xi's Belt and Road Initiative (BRI) partner countries (http://www.chinaview.cn/20231018/02358e50dcf34108a05e8c7938b1648b/c.html)
- October 2023: China's government appointed Zhong Ren (https://www.reuters.com/business/energy/china-appoints-former-sinochem-executive-director-sinopec-2023-10-27/), deputy general manager of Sinochem Holdings, also as a director of Sinopec Corp. Under the new appointment, Zhong will serve as a deputy party secretary for both organizations
Unipec, a subsidiary of Sinopec, is also an intermediary for banned Russian oil
Other Notable Potential Projects:
- as of October 2023 $10 billion gas deal in Saudi Arabia
- shortlisted between 2 companies to build Sri Lanka's oil refinery (https://economynext.com/sri-lankas-sinopec-shortlisted-refinery-tender-to-be-awarded-in-three-weeks-136342/), decision expected around mid-November 2023
- Pakistan State Oil (PSO) (https://www.brecorder.com/news/40267313) is reportedly interacting with Bank of China and Sinopec for constructing either an oil refinery or petrochemical refinery
Stellar Humanitarian Wealth Transfer:
? Passive Income Assets (https://t.me/QuantumStellarInitiative/22968)
? Project Aurora & Ukaz (https://t.me/QuantumStellarInitiative/21777)