|
Sinopec to lower overall energy consumption by 20% by 2010 |
|
|
|
|
Written by Administrator
|
|
Friday, 22 September 2006 |
|
BEIJING, September 22 (InfoChina) – Sinopec (NYSE: SNP), China’s leading oil refiner and second largest oil and gas producer, plans to reduce its overall energy consumption by 20 percentage points in 2006-10 compared with that in 2001-2006, according to Qin Weizhong, deputy director of the company’s Development & Planning Department.
Qin made the remarks at the seventh session of Sino-US Oil & Gas Industrial Forum recently held in Hangzhou, the capital city of east China’s Zhejiang province. Qin said the company will try to reach the goal through energy conservation, alternative energy development and technological upgrade and renovation. According to the company’s plan, its unit oilfield energy consumption will fall to 150 kg of standard oil, unit energy consumption for refineries fall below 65 kg of standard oil, unit energy consumption for ethylene production will be less than 650 kg of standard oil. As a major ministry-level state-owned enterprise, Sinopec’s energy conservation plan is a part of the country’s ambitious plan to cut its unit energy consumption by 20% in the 11th Five-Year-Plan period, from 2006 to 2010. It is learned that Sinopec’s unit production-used electricity consumption decreased 18.1% during 2001-2006 while unit energy consumption for oil refining dipped 13.5% and that for ethylene cracking fell 8.6%. |
China Stock News