We are committed to developing and producing clean products, to providing clean energy for consumers and to supporting the protection of the natural environment and the establishment of an environment-friendly society.
Natural gas
In 2007, in addition to taking effective steps to increase the supply of natural gas, the Company also launched three liquefied natural gas (LNG) projects in Tangshan, Dalian and Jiangsu. After bulding phase-1 of the three projects, annual capacity of LNG processing will reach 10million tons, providing 13.5 billion m3 of clean natural gas to the domestic market per year.
Ethanol gasoline
We has been actively developing ethanol gasoline. In 2007, the preparation and sales volume of ethanol gasoline reached 3.8mt, 14% higher than that in the previous year. The Company has completed a feasibility study on the ethanol fuel project of Nanchong, Sichuan. This project, enjoying an investment of RMB800 million yuan, is expected to generate an annual production of 100 thousand tons of non-plant based ethanol fuel, with completion and production launch being forecast for 2009.
Quality upgrade of oil products
We have fully launched an upgrading program for product quality, through the development and application of new technologies, construction of new facilities and optimization of technical process, granting the Company the capacity to start mass production of National-III and National-IV motor gasoline and diesel oil. |