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    386   CNE1000002Q2

CHINA PETROLEUM & CHEMICAL CORPORATION

(386)
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Delayed Hong Kong Stock Exchange  -  11:42 2022-08-11 pm EDT
3.720 HKD   +1.64%
08/02CHINA PETROLEUM & CHEMICAL : 6-K With Monthly Return For Equity Issuer And Hong Kong Depositary Receipts - Form 6-K
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08/01CHINA PETROLEUM & CHEMICAL : 1. An announcement regarding asset transactions with INEOS by China Petroleum & Chemical Corporation (the “Registrant”); and - Form 6-K
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07/29INEOS and SINOPEC sign three significant petrochemical deals with an aggregate value of $7bn
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China's Sinopec produces first biojet fuel at east China refinery

06/28/2022 | 07:51am EDT
FILE PHOTO: The company logo of China’s Sinopec Corp is displayed at a news conference in Hong Kong

SINGAPORE (Reuters) - China's Sinopec Corp produced its first aviation fuel from used cooking oil at an industrial-scale facility in east China, the state refining giant said on Tuesday.

The biojet facility, built in Sinopec Zhenhai Refining & Chemical Co and able to process 100,000 tonnes of used cooking oil or "gut oil" each year, paves the way for Sinopec to start commercial manufacturing of the biofuel.

Biojet fuel cuts the emission of carbon dioxide by more than half over the whole life cycle, Sinopec added.

Sinopec began developing the fuel since 2009 and in 2014 won the country's first airworthiness certificate for the fuel.

The International Energy Agency predicted in late 2021 that global biojet demand could range between 2 to 6 billion litres by 2026, up from around 0.1 billion litres.

(Reporting by Chen Aizhu, Editing by Louise Heavens)


© Reuters 2022
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ChangeLast1st jan.
CHINA PETROLEUM & CHEMICAL CORPORATION 1.91% 3.72 Delayed Quote.0.55%
CHINA PETROLEUM & CHEMICAL CORPORATION 0.73% 4.14 End-of-day quote.-2.13%
All news about CHINA PETROLEUM & CHEMICAL CORPORATION
08/02CHINA PETROLEUM & CHEMICAL : 6-K With Monthly Return For Equity Issuer And Hong Kong Depos..
PU
08/01CHINA PETROLEUM & CHEMICAL : 1. An announcement regarding asset transactions with INEOS by..
PU
07/29INEOS and SINOPEC sign three significant petrochemical deals with an aggregate value of..
AQ
07/29Sinopec Forms Carbon Capture Tie-Up
MT
07/28Sinopec agrees deals with INEOS, sells stake at Shanghai plant for $1.56 billion
RE
07/28INEOS Signs Deals With Sinopec to Invest $7 Billion in China
DJ
07/28INEOS Limited entered into an Equity Transfer Agreement to acquire a 50% stake in Shang..
CI
07/26China Slashes Retail Fuel Prices From Wednesday
MT
07/24Chinese Central SOEs’ R&D Spending Jumps 19.7% in H1
MT
07/22CHINA PETROLEUM & CHEMICAL : 1. An announcement regarding operational statistics for the f..
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Financials
Sales 2022 3 195 B 474 B 474 B
Net income 2022 70 140 M 10 399 M 10 399 M
Net cash 2022 26 879 M 3 985 M 3 985 M
P/E ratio 2022 5,41x
Yield 2022 12,4%
Capitalization 476 B 70 560 M 70 560 M
EV / Sales 2022 0,14x
EV / Sales 2023 0,18x
Nbr of Employees 385 691
Free-Float 31,4%
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 3,15 CNY
Average target price 3,82 CNY
Spread / Average Target 21,5%
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Managers and Directors
Bao Cai Yu President & Executive Director
Dong Hua Shou Chief Financial Officer
Yong Sheng Ma Chairman
Shao Feng Zhang Chairman-Supervisory Board
Zizong Wang GM-Information & Digital Management Department
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1st jan.Capi. (M$)
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