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BAKU, Azerbaijan, Nov. 15, 2024 /PRNewswire/ -- In a significant move to bolster global climate and environmental governance, China Petroleum & Chemical Corporation ("Sinopec", HKG: 0386) presents its high-quality green development approach, urging enhanced collaboration among companies from Belt and Road Initiative partner countries, to jointly promote the sustainable, low-carbon, and high-quality growth of the energy and chemical sectors.
Ma Yongsheng, chairman of Sinopec, announces to collaborate with Saudi Basic Industries Corporation (SABIC), Kazakhstan National Oil, and other oil giants to establish the International CCUS Technology Innovation Cooperation Organization, during the inaugural Yabuli Annual Conference on Sustainable Development held at China Pavilion during COP29.
"Our joint efforts will drive the green, low-carbon, and high-quality progress of the energy and chemical sectors, revitalizing and contributing substantially to the creation of a clean and beautiful world," emphasized Ma.
Over recent years, Sinopec has significantly advanced its capabilities in CCUS technology; notable projects include the Qilu Petrochemical-Shengli Oilfield CCUS Demonstration Project, and China's first megaton-level long-distance COâ‚‚ pipeline project. Collaborative ventures have also been initiated with major corporations like Shell, China Baowu, and BASF, among others, launching China's first open-access mega-ton-scale CCUS project.
Since deploying the CCUS technologies nearly ten years ago, more than 8.55 million tons of COâ‚‚ have been recycled by Sinopec, and about 5.75 million tons are being injected, contributing significantly towards enhanced oil recovery efforts yielding over 600,000 tons.
Sinopec's ongoing efforts include importing 180 million tons of crude oil annually from Belt and Road Initiative countries, engaging in substantial trade of refined oil products amounting to over 20 million tons per year, as well as nearly 7 million tons of LNG trades. The company is actively involved in 32 oil and gas exploration projects along these routes.
The establishment of Sinopec Tech Middle East in Saudi Arabia marks another step towards fostering open innovation ecosystems globally. Collaborations extend across Europe and Southeast Asia with numerous prestigious universities, enhancing scientific partnerships that have led to multiple technology licensing agreements since 2013, involving critical refining processes like catalytic cracking.
In addition, Sinopec has implemented green production technologies locally, such as using ultra-quiet zero-emission drilling rigs in Uganda, which minimize environmental impact on wildlife. In Ecuador's rainforests, Sinopec continues its sustainable practices, that are empowered by green manufacturing technology. In Saudi Arabia, where approximately 15,000 trees were planted by Sinopec.
BAKU, Azerbaijan, Nov. 15, 2024 /PRNewswire/ -- In a significant move to bolster global climate and environmental governance, China Petroleum & Chemical Corporation ("Sinopec", HKG: 0386) presents its high-quality green development approach, urging enhanced collaboration among companies from Belt and Road Initiative partner countries, to jointly promote the sustainable, low-carbon, and high-quality growth of the energy and chemical sectors.
Ma Yongsheng, chairman of Sinopec, announces to collaborate with Saudi Basic Industries Corporation (SABIC), Kazakhstan National Oil, and other oil giants to establish the International CCUS Technology Innovation Cooperation Organization, during the inaugural Yabuli Annual Conference on Sustainable Development held at China Pavilion during COP29.
"Our joint efforts will drive the green, low-carbon, and high-quality progress of the energy and chemical sectors, revitalizing and contributing substantially to the creation of a clean and beautiful world," emphasized Ma.
Over recent years, Sinopec has significantly advanced its capabilities in CCUS technology; notable projects include the Qilu Petrochemical-Shengli Oilfield CCUS Demonstration Project, and China's first megaton-level long-distance COâ‚‚ pipeline project. Collaborative ventures have also been initiated with major corporations like Shell, China Baowu, and BASF, among others, launching China's first open-access mega-ton-scale CCUS project.
Since deploying the CCUS technologies nearly ten years ago, more than 8.55 million tons of COâ‚‚ have been recycled by Sinopec, and about 5.75 million tons are being injected, contributing significantly towards enhanced oil recovery efforts yielding over 600,000 tons.
Sinopec's ongoing efforts include importing 180 million tons of crude oil annually from Belt and Road Initiative countries, engaging in substantial trade of refined oil products amounting to over 20 million tons per year, as well as nearly 7 million tons of LNG trades. The company is actively involved in 32 oil and gas exploration projects along these routes.
The establishment of Sinopec Tech Middle East in Saudi Arabia marks another step towards fostering open innovation ecosystems globally. Collaborations extend across Europe and Southeast Asia with numerous prestigious universities, enhancing scientific partnerships that have led to multiple technology licensing agreements since 2013, involving critical refining processes like catalytic cracking.
In addition, Sinopec has implemented green production technologies locally, such as using ultra-quiet zero-emission drilling rigs in Uganda, which minimize environmental impact on wildlife. In Ecuador's rainforests, Sinopec continues its sustainable practices, that are empowered by green manufacturing technology. In Saudi Arabia, where approximately 15,000 trees were planted by Sinopec.
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Sinopec Showcases Green Development Achievements at COP29
NEW YORK and SINGAPORE, May 27, 2026 /PRNewswire/ -- Alibaba International announced today that its AI-powered creative platform, PicCopilot, has integrated with Google Ads. This strategic collaboration enables small and medium e-commerce operators to create and launch high-conversion Google display ads directly within the PicCopilot platform.
Unlike general creative tools, PicCopilot leverages Alibaba International's e-commerce ecosystem to train its AI on real-world scenarios, ensuring the solution is examined and validated through actual market experience.
Small and medium e-commerce operators and direct-to-consumer (DTC) brands face mounting pressure to maintain consistent marketing presence across multiple digital channels while operating with limited resources. In the U.S. market, where approximately 40% of PicCopilot users are first-time entrepreneurs, the ability to leverage such professional insights is critical. Through this integration, businesses can now leverage a unified platform that simplifies the entire workflow. For instance, PicCopilot's "Viral Video Maker" can generate 8-10 professional video options in just 2-3 minutes from a single product image—a process that traditionally takes 2-3 days.
"Our goal is to evolve AI from a simple efficiency tool into a growth-driving engine for merchants," said Yang Guang, Vice President of Alibaba International and Lead of Alibaba Design. "By integrating PicCopilot with Google Ads, we are democratizing enterprise-level creative marketing tools, allowing even the smallest sellers to leverage market-validated approaches to drive their business forward."
PicCopilot provides unique, "one-click" AI applications specifically designed to drive e-commerce sales. This includes industry-first video solutions for social content, such as the Viral Video Maker and Fashion Reels—specialized tools for apparel and footwear that transform static images into engaging marketing assets. Additionally, the platform's AI Product Page Design Generator allows merchants to create high-quality, ready-to-use storefront visuals, making professional-grade marketing accessible to businesses of all sizes.
Through this Google Ads integration, PicCopilot advances its vision of serving as an intelligent marketing "middle-ware" that connects the entire marketing pipeline—from strategy and creativity to distribution and optimization. This advancement enables smaller merchants to compete effectively through intelligent technology, setting a new standard for AI-driven e-commerce growth.
About Alibaba International Digital Commerce Group
Alibaba International Digital Commerce Group is dedicated to supporting the development of global digital trade with AI-powered technology. It operates various platforms with distinctive business models, covering multiple countries and regions around the world.
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Alibaba International 's PicCopilot Partners with Google Ads to Boost E-Commerce ROI
