Proposed and under construction projects of Sinopec in 2026

1. large-scale refining and chemical integration (2026 start-up/2027-2028 start-up)

Total investment of about 175.7 billion yuan

01 Zhongke Refining and Chemical Phase II (Guangdong Zhanjiang)

Total investment: 38 billion ~ 40 billion yuan

Scale: 1.2 million tons/year ethylene and downstream supporting

Progress: EIA publicity, plan to start construction in 2026, 2027-2028 production, improve the South China refining layout

02 Luoyang million tons of ethylene (Henan Luoyang)

Total investment: 27.8 billion yuan (budget excluding tax about 26 billion yuan)

Scale: 1 million tons/year ethylene 13 sets of production units

Progress: Early progress, 2026 plan to start construction, build the central petrochemical base

03 Xinjiang Tahe Refining and Chemical Integration (Xinjiang Kuqa)

Total investment: about 30 billion yuan

Scale: 8.5 million tons/year oil refining, 800000 tons/year ethylene, 800000 tons/year aromatics

Progress: Construction started in September 2025, continuous construction in 2026, production in 2028, layout of Northwest Energy and Chemical Base

04 Fujian Gulei Refining and Chemical Integration Phase II

Total Investment: 71.1 billion Yuan
Scale: 16 million Tons/Year Oil Refining, 1.5 million Tons/Year Ethylene, 2 million Tons/Year Aromatics

05 Zhongshagulei Ethylene Project Total Investment: 44.8 billion Yuan

Scale: 1.5 million tons/year ethylene and downstream supporting

Progress: Sino-Saudi energy cooperation key project, planned to be put into operation in 2026

2. Coal Chemical Industry and Green Hydrogen Coupling Project (2026 Construction/Full Completion)

the total investment of
is about 33.9 billion yuan.
01 Inner Mongolia Dalu Coal to Olefin Upgrade Demonstration (Erdos Zhungeer Banner)

Total investment: 22.1 billion yuan (EIA publicity)

Scale: 2.26 million tons/year coal to methanol, 800000 tons/year polyolefin (PE/PP/EVA), coupled with scenery green hydrogen/green electricity

Progress: January 2026 EIA acceptance, job evaluation approved, plan to start construction on August 21, 2026, August 2029 completion

02 Inner Mongolia green hydrogen coupling coal chemical industry (Ordos)

Total investment: about 5 billion yuan

Scale: 30000 tons/year scenery coupling green hydrogen and coupling system (the world's largest green hydrogen coupling coal chemical demonstration)

Progress: start in December 2025, continue construction in 2026, put into operation in 2027

03 Xinjiang Kuqa Green Hydrogen Demonstration Project (Xinjiang Kuqa)

Total investment: about 2 billion yuan

Scale: 20000 tons/year green hydrogen

Progress: In August 2023, it will be put into operation, and in 2026, it will be fully completed to support northwest refining/coal chemical industry with low-carbon hydrogen.

04 Wulanchabu 100000 Tons/Year Scenery Hydrogen Production Integration (Inner Mongolia Wulanchabu)

Total investment: 5.94 billion yuan (hydrogen plant)

Scale: 100000 tons/year green hydrogen

Progress: 2025 October case preparation, 2026 advance/start preparation, 2027 production

3. oil and gas exploration and development in
(2026 start/continuous construction)

01 Southwest Oil and Gas Company Langzhong Area Capacity Construction (Sichuan Langzhong)

Total investment: 4.38 billion yuan (2026-2030)

Content: New 42 natural gas drilling wells, 18 gas production platform stations, 19 gathering and transmission pipelines, and expansion of reinjection wells

Progress: 2026 to start the first phase, divided into 5 years of implementation, to help the western Sichuan large gas field construction

4. Key Ethylene and Downstream New Material Projects (2026 to Advance Pre-phase/Commencement)

the total investment of the
is about 12.7 billion yuan.
01 Sichuan vinylon EVOH plant (Chongqing)

Total Investment: Undisclosed

Scale: 24000 tons/year EVOH resin (high-end barrier material, filling the domestic gap)

Progress: 2026 to promote the early stage, 2028 production, suitable for food/new energy battery packaging.

02 Yanshan Petrochemical Tianjin Nangang Green High-end Rubber New Material (Tianjin Nangang)

Total Investment: Undisclosed

Scale: 100000 tons/year butadiene rubber, 100000 tons/year solution polymerized styrene butadiene rubber

Progress: 2026 to promote the early stage, 2027 put into production, to build high-end rubber base

03 Yangzi Petrochemical Light Hydrocarbon Comprehensive Utilization and New Material Transformation

Total investment: 11.5 billion yuan

Scale: 100000 tons/year POE, 300000 tons/year vinyl acetate

04 Maoming Petrochemical 100000 tons/year POE plant

Total Investment: Undisclosed

Scale: 100000 tons/year POE

Progress: The pilot plant has been successfully started, and the industrial plant is being submitted for approval.