In 2022, Sinopec's domestic natural gas production increased by 4% year-on-year1%, the best profit in the past decade. As the world's largest oil refining company, the second largest chemical company, and China's largest supplier of refined oil and petrochemical products, Sinopec is promoting the formation of an industrial pattern of "one base, two wings and three new" based on energy resources, with clean oil products and modern chemical industry as the two wings, and new energy, new materials and new economy as important growth poles. At the same time, the Group entered the hydrogen energy industry and put forward the new goal of building "China's No. 1 hydrogen energy company" and transforming into a comprehensive energy service provider of "oil, gas, hydrogen and electric services".
BHI China's proposed projects under construction network for the 2023 year (2023.).01.01-2023.12.12) A total of 205 projects were released and participated by Sinopec Group (with a list of projects).
This year, the province with the largest number of projects participated by Sinopec Group is Shandong, with a total of 42 projects. The total investment of the project for which the investment amount can be specified is about 14,147600 million yuan, the top two provinces in terms of total investment are Zhejiang and Shaanxi, with a total investment of more than 250 billion. 
List of projects (partial):Type Region Project name.
Chemical raw materials and products Zhejiang Rongsheng New Materials (Taizhou)** Annual output of 10 million tons of high-end chemical new materials project Chemical raw materials and products Zhejiang Rongsheng New Materials (Zhoushan)**Jintang New Materials Project Petroleum coal and other fuel processing Shaanxi Yulin Chemical 15 million tons of annual coal quality clean and efficient conversion demonstration project Phase II - olefins, aromatics and deep processing engineering petroleum coal and other fuel processing Liaoning North Huajin Chemical Industry Group *** Fine chemicals and raw materials engineering project Petroleum coal and other mining Shandong Sinopec Longkou LNG (LNG) Project: Petroleum and Coal Mining; Jiangsu: Jiangsu Guoxin Rudong LNG Receiving Station Project: Storage and Transportation of Petroleum, Coal and Other Oil; Shandong: Storage and Transportation of Petroleum and Coal of Longkou Nanshan LNG Receiving Station Phase II Project of the State Pipeline Network Group; Hubei: Three Gorges Hub, Jiangnan Refined Oil Dam Turning Project, Environmental Protection; Jiangsu: Jinling Petrochemical Near-Zero Discharge - Oil Refining and Sewage Treatment Plant Upgrading and Emission Reduction Transformation Project: Environmental Protection; Jiangxi: Technical Transformation Project of Sewage Stripping Unit of Sinopec Jiujiang Branch, Cogeneration, Shanghai Construction of thermal power unit clean and efficiency improvement transformation project cogeneration Zhejiang Ningbo Daxie Thermal Power *** Thermal Power Project (Daxie Thermal Power Phase IV) Project: Wind and solar hydrogen and other new energy Inner Mongolia Inner Mongolia Ordos City Wind and Solar Integration Green Hydrogen Demonstration Project Wind and Solar Hydrogen and Other New Energy Inner Mongolia Ordos City Wushenqi Wind and Solar Integration Green Hydrogen Chemical Industry Demonstration Project Others Jilin Northeast Petroleum Bureau Scientific Research Service Center Project Other Hainan Hainan Refining & Chemical New 410t h Oil-fired Boiler Project. 