Speech of Chairman

In the year of 2006, Sinopec Green Energy (“SGE”), a joint venture established by Sinopec Star and Arctic Green Energy, drilled the first geothermal well, built the first heat central and delivered heating for the first time in Xianyang of Shaanxi Province. Since then, China’s first “smoke-free city” featuring geothermal heating was set up and “Xiongxian Model” was widely promoted by National Energy Administration as a showcase of geothermal heating. During this new development era of geothermal industry, SGE gradually grew into China’s largest enterprise in middle and deep layer geothermal development and utilization, constantly contribute to Sinopec Star’s new energy industry system characterizing “geothermal, hydrogen, wind and photovoltaic”, and has become the main power in building Sinopec Group into a world-leading chemical and engineering enterprise in new energy industry.

In September 2020, President Xi Jinping made the announcement that China would strive to achieve carbon emission peak by 2030 and carbon neutrality by 2060. “Carbon Emission Peak” and “Carbon Neutrality” became a main focus and a goal in leading China’s green, low-carbon and sustainable development. In 2021, the Opinions on Promoting Geothermal Development and Utilization and Action Plan for Carbon Dioxide Peaking Before 2030 were issued, and countdown of 2023 World Geothermal Congress in Beijing got started. Under the support of these favorable policies, geothermal has become the main force in achieving Carbon Emission Peak and Carbon Neutrality target.

The roadmap towards future is clear, and we are well prepared!

Stick to scientific and technological R&D. The sustainable development and utilization of energy can’t go without the support from science and technology. We will, based on “Four Platforms” and “Six Technological Systems” strengthen scientific investment and technological research, overcome difficulties in bottleneck technologies hindering industry development, reinforce and expand core competitiveness, accelerate informationized and digitalized applications, enhance new technologies, models and business models, and make geothermal utilization smarter and more intelligent. We will promote development with science and technology, and embrace future with innovations.

rovement of management efficiency. Good management can create benefits, improve efficiency and bring about empowerment. We will take scientific management as fundaments of corporate development, promote a sustainable and healthy growth, reinforce our leading role in the industry, and provide more green experiences for the geothermal industry. We will build up a team with high-quality talents, give full play to “agglomeration effects” of talents, optimize management systems and analyze management procedures with talents to bring out the best of each staff, make the best use of every stuff, improve management efficiency in each aspect of geothermal development an utilization, support the company in maintaining the leading role, and embrace the future with great confidence.

Adhere to cultural heritage of geothermal development. SGE’s geothermal utilization derives from the goal of “For a Better Life and For a Beautiful China”. We will continue the inherit petroleum spirit, spread Sinopec traditions with and stick to “pioneering, striving and people-benefiting” enterprise spirit to achieve “Less Pain in Haze and More Gain in Clear Days”. Guided by the corporate culture, staff of SGE has worked hard, forged ahead and depicted exquisite pictures of life in various provinces and cities. On the way to new course, SGE will interpret its core value system with actions, secure heating for tens of thousands of households, and tell a good story of the company.

Exploring a sustainable development of energy and creating a green and healthy lifestyle are not only our long-pursued values, but also our commitment to the nation and society. Looking into the future, China endeavors to become a geothermal enterprise that is the best in China and famous around the world, promote development of clean energy such as geothermal, hold tight the banner of “3 core responsibilities”, lead the trend of clean, safe and economical heating supply, and make SGE’s contribution to “Carbon Emission Peak and Carbon Neutrality”.