Sinopec Essay

376 WordsJan 28, 20122 Pages
Sinopec “Sinopec Corp. is one of the largest integrated energy and chemical company in China. The scope of its business mainly covers oil and gas exploration and production, extraction, pipeline transmission and marketing; oil refining; production, marketing, storage and transportation of petrochemicals, chemical fibers, chemical fertilizers and other chemical products; import, export and import/export agency business of crude oil, natural gas, refined oil products, petrochemicals, chemicals, and other commodities and technologies; research, development and application of technology and information. The Company is China's largest producer and supplier of refined oil products (including gasoline, diesel and jet fuel, etc.) and major petrochemical products (including synthetic resin, synthetic fiber monomers and polymers, synthetic fiber, synthetic rubber, chemical fertilizer and petrochemical intermediates). It is also China's second largest crude oil producer.” (Sinopec-Our Company) http://english.sinopec.com/about_sinopec/our_company/20100328/8532.shtml In 2008, Sinopec, China’s second-largest refining and gas company was rated at number 16 on Fortune’s Global 500 list. Now in 2010, Sinopec is up to number 7. How did they do it in just two years? In 2009, Sinopec made efforts to improve their occupational health performance by reducing occupational disease to below 0.01%. Sinopec President, Su Shulin, has made HSE management a top priority. They also revised their occupational health regulations and policies. In 2009 they also invested to eliminate potential safety hazards. Along with occupational health and safety, emissions were reduced 47.3% since 2005. Sinopec also became accredited to the ISO140000 standard in 2009. Since 2008, many projects have been approved for Sinopec. By the end of 2009, Sinopec had increased the value of its overall assets, paid

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