ZHANG YUZHUO, CHAIRMAN OF SINOPEC - PERSPECTIVES ON HYDROGEN DEVELOPMENT

"Our goal is to become China's leading hydrogen company, to achieve a systematic design of the entire hydrogen power industry chain that makes hydrogen charging as easy as natural gas charging."

Zhang Yuzhuo, Chairman of China Petroleum & Chemical Corporation has shared his perspectives on carbon neutrality, the development possibilities of carbon neutrality and the overall strategic design of hydrogen power.

"Our goal is to become China's leading hydrogen company, to achieve a systematic design of the entire hydrogen power industry chain that makes hydrogen charging as easy as natural gas charging," said Zhang. "Moving forward, Sinopec will gradually expand our hydrogen power operations, as well as other renewable energy sources, to advance the development of a 'combined oil, gas, hydrogen, electric and non-oil-based service.'

Sinopec is confident of being able to create the leading hydrogen company due to its current hydrogen production scale, which is the largest in China, as well as its accelerated pace in building the necessary infrastructure for hydrogen energy that can lay a solid foundation. for all aspects of hydrogen energy including transportation, storage, assortment and loading, as well as having a solid understanding of the relevant laws, costs and safety aspects. In recent years, Sinopec has continuously increased investment in the field of hydrogen energy and has devised plans to develop it as a key emerging strategic business. Sinopec has integrated the entire hydrogen power industry to cover fields such as venture capital operations, technology R&D, production, logistics, network construction and social cooperation, and has made progress in the construction of charging stations of hydrogen, hydrogen production technologies, hydrogen fuel cells and hydrogen storage products.

Currently, Sinopec has an annual hydrogen production capacity of over 3.5 million tons, which represents 14% of the national total. The company plans to build and operate 100 hydrogen charging stations in 2021 and 1,000 in the next five years, to lead the high-quality industrial development of hydrogen power.

Zhang Yuzhuo expects Sinopec to accelerate to build a world-class independent brand to better lead the high-quality development of the company.

Manufacturing capacity in China continues to grow and develop, showing vigorous vitality and creativity with increased number of Chinese brands going abroad. For 38 years, Sinopec has emphasized on strengthening brand building and committed to bringing the society cleaner, higher-end and more diverse energy and chemical products. Fulfilling its brand promises with actions and responsibilities, Sinopec will continue to meet people's needs for a better life and promote the company's brand value, reputation and influence.

"Sinopec will step up in building a world-class brand, adhering to the brand value proposition of 'Innovation leads the future of the industry, creating better life with responsibility,' as well as making the brand slogan of 'Cleaner Energy, Better Life' deeply rooted in customers' hearts, entering thousands upon thousands of households as a responsible international enterprise." - Zhang Yuzhuo, chairman of Sinopec.

"In the future, Sinopec will implement the brand strategy vigorously and firmly establish the concept of 'quality is always one step ahead' and 'every drop of oil is a promise' to highlight Sinopec's commitment to quality first, speeding up the promotion of brand vitality. Guided by the implementation of a world-leading development strategy, Sinopec will strengthen its operational management and speed up to improve brand support. By taking the opportunity to build a pioneering technology company, Sinopec will also continue to innovate and boost its brand competitiveness, along with speeding up the green and low-carbon transition, promoting clean fossil energy, scaled non-fossil energy and low-carbon production process to ensure that it reaches the carbon emissions peak before China's goal and strives to achieve carbon neutrality by 2050."

"For 38 years, Sinopec has emphasized on strengthening brand building and committed to bringing the society cleaner, higher-end and more diverse energy and chemical products."

Sinopec Corp. is one of the largest integrated chemical and energy companies in China. Its main energy operations include exploration, production, transportation in pipelines and sale of oil and natural gas; sale, storage and transportation of a range of petroleum products, petrochemicals, coal chemicals, synthetic fiber, fertilizers and other chemicals; the import and export (including an import and export agency) of petroleum, natural gas, petroleum products, petrochemical and chemical products, and other commodities and technologies; and research, development and application of technologies and information.

Sinopec establishes as its corporate mission "to promote the beautiful life", establishes as its corporate core values ​​"people, responsibility, integrity, precision, innovation and mutual benefit", seeks value-oriented strategies, driven development for innovation, integrated resource allocation, open cooperation and low-carbon green growth, and strives to achieve its corporate vision of building a leading global energy and chemical company.

"Sinopec is confident of being able to create the leading hydrogen company due to its current hydrogen production scale, which is the largest in China, as well as its accelerated pace in building the infrastructure for hydrogen energy."

For more details visit: www.sinopec.com