Streetbeat News

SNPMF

China Petroleum & Chemical Corp

http://www.sinopec.com/

Employees

385,691

Industry

Petroleum Refineries

Open

0.56

Mkt cap

100B

Volume

High

0.56

P/E Ratio

8.00

52-wk high

0.70

Low

0.56

Div yield

0.01

52-wk low

0.45

Sinopec's clean energy subsidiary, Sinopec Star Co., Ltd., has connected its geothermal power generation pilot project in Xianyang, China, to the grid. This marks a significant step in Sinopec's renewable energy initiatives.

Portfolio Pulse from

November 06, 2024 | 5:15 am

Sinopec hosted a forum at the 7th China International Import Expo, signing $40.9 billion in purchasing contracts with 38 partners, contributing to a total of $285 billion over seven sessions. The event focuses on global energy transition and a low-carbon ecosystem.

Portfolio Pulse from

November 06, 2024 | 4:30 am

TotalEnergies SE (NYSE:TTE) and China Petroleum and Chemical Corporation (SINOPEC) (OTC:SNPMF) have signed a strategic cooperation agreement to expand their collaboration in low-carbon energies, including the development of a sustainable aviation fuel (SAF) production unit in China. This partnership aims to address the global demand for energy while building a decarbonized energy system for the future.

Portfolio Pulse from Lekha Gupta

May 07, 2024 | 12:26 pm

TotalEnergies SE (TTE) and China Petroleum and Chemical Corporation (SNPMF) have signed an agreement to develop a Sustainable Aviation Fuel (SAF) production unit in China, aiming for an annual production of 230,000 tons. This collaboration aligns with both companies' strategies to provide low carbon solutions and marks a significant step towards TotalEnergies' goal of producing 1.5 million tons of SAF by 2030. TTE shares saw a 0.53% increase in premarket trading.

Portfolio Pulse from Lekha Gupta

March 26, 2024 | 12:23 pm

A new study suggests boiling drinking water can significantly reduce microplastics, impacting companies like Coca-Cola and PepsiCo, known for their bottled water brands. The presence of microplastics in various environments, including drinking water, has raised health concerns. The study, conducted by researchers from Guangzhou Medical University and Jinan University, found that boiling water can remove up to 90% of microplastics, depending on the water's mineral content. This discovery could influence consumer behavior towards bottled water and tap water treatment methods.

Portfolio Pulse from Natan Ponieman

February 29, 2024 | 8:41 pm

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