China's Sinopec sets up $140 million environmental tech firm

SINOPEC Engineering Co

11/09/2025 09:05

Sept 11 (Reuters) - Chinese oil major Sinopec 600028.SS announced on Wednesday the establishment of a specialised company focused on environmental governance in Guangzhou, a southern city in China.

Sinopec Environment Science and Technology Co, funded by SINOPEC Engineering Group 2386.HK, has a registered capital of 1 billion yuan ($140.40 million)，Sinopec said in a statement.

Its core businesses includes environmental governance technology services, environmental engineering design, consulting and implementation, and environmental pollution testing and monitoring, according to the statement.

The company also provides services such as the dismantling of petrochemical installations, and resource recovery and utilisation to enhance resource recycling.

($1 = 7.1227 Chinese yuan renminbi)

 (Reporting by Sam Li and Lewis Jackson in Beijing; Editing by Mrigank Dhaniwala)

 ((Sam.Li@thomsonreuters.com;))