Profile

Sinopec Green Energy Geothermal Development Co.,ltd or SGE is a joint venture established by Sinopec Star Co.,ltd and Arctic Green Energy Corporation in Nov. 2006. It excels in geothermal development, energy-saving service and GHG emission reduction. Located in Xiongan New Area, SGE is currently the most professional company in middle-and-deep layer geothermal utilization with the largest scale.

SGE adheres to the principle of “Overall Planning, Gradual Implementation, Comprehensive Utilization and Proper Development” and the theory of “Resources Lead via Advanced Technology and Environment Protection” and shows a great momentum of “Combination of Deep and Shallow, Heating and Cooling through Comprehensive Utilization and Coordinated Development”. Its business covers Hebei, Shaanxi, Shandong, Shanxi, Tianjin, Liaoning and other provinces with a heating capacity of 50 million sq.m, equivalent to standard coal of 1.3 million tons and CO2 reduction of 3.2 million tons. SGE is currently expanding its range in cities alongside BRI and Pollutant Air Evacuation Channel/2+26 cities. Many smoke-free cities under geothermal heating supply have thrived and SGE also pioneers in low-carbon life-style creation.

SGE utilizes its strength via Sinopec resource exploration and evaluation and China-Icelandic Geothermal Technology R&D Center by inviting Icelandic tech theories and improving its own R&D, forming a featured system with specialized technology. Honored by Ministry of Natural Resource as Demo Unit of Geothermal Development and Utilization and Chinese Academy of Science as Demo Base of Geothermal Science & Research Experiment, SGE also registers Clean Development Mechanism or CDM in UNFCCC. Xiong County Model, featuring government & enterprise coordination, marketized operation, unified development, advanced tech, environment protection and people’s well-being, leads the whole company to grow fast in 13th Five-year Plan period. In the following Five-year Plan, it will be upgraded into Xiongan Model to boost SGE’s development in Xiongan New Area as the sample of high-quality geothermal development, therefore lays a solid foundation for business growth in the future.