Sinochem Energy

Apart from the brief statement on Sinochem Energy’s website regarding its aims to “reduce impacts on environment from the company’s consumption, create a low-carbon life, and spread low-carbon life mission”, there is no evidence that the company has any emissions reduction ambition or targets. It has reported no targets for its scope 1 and 2 or scope 1, 2 and 3 emissions intensities.

There is not enough information available to assess Sinochem Energy’s performance on a low-carbon transition. The company needs to report a clear and detailed low-carbon transition plan to inform various stakeholders.

Sinochem Energy provides a brief statement on its website that mentions its commitment to strengthen its environmental protection and emissions reduction, and drive a low-carbon mission. However, no evidence of any emissions reduction ambition or targets was found.

Sinochem Energy does not provide enough information on its low-carbon transition plan. This lack of transparency makes it difficult to assess the company’s readiness for a low-carbon economy.

There is no evidence that Sinochem Energy has set any emissions reduction targets for its scope 1 and 2 or scope 1, 2 and 3 emissions intensities.

Sinochem Energy increased its reliance on relatively high emissions intensity coking technology for its refining increasing from 85% in 2018 to 100% of in 2019. It also decreased oil extracted from Brazil, but increased in the USA where is comparably more emissions-intense. The mix between the company’s midstream oil processing, which constitutes the majority of its product output, and its upstream oil and gas extraction has remained more or less constant.

With its heavy reliance on high emissions-intensive coking technology for its refining operations, Sinochem Energy is not at all on track to decarbonise in line with a 1.5°C pathway.