- CEO
- Dejun Jiang
- Full Time Employees
- 15,935
- Sector
- Industrials
- Industry
- Engineering & Construction
- Address
- Tower B Beijing People's Republic of China 100101
- IPO Date
- Oct 3, 2022
- Business
- SINOPEC Engineering (Group) Co., Ltd. engages in engineering, procurement, and construction (EPC) services primarily for the oil refining, petrochemical, coal chemical, natural gas processing, and new energy sectors. The company manufactures large-scale static equipment including pressure vessels, reactors, containers, heat exchangers, steel structures, pressure tubes, and industrial furnace modules used in refinery and chemical engineering projects. It offers a comprehensive one-stop service chain covering consulting, licensing, front-end engineering design (FEED), detailed engineering, procurement, construction, commissioning, start-up, and operation and maintenance. Headquartered in Beijing and established in 2007 after restructuring, it operates through 11 domestic subsidiaries and 34 overseas subsidiaries and branches across 15 countries, including Saudi Arabia, Russia, Malaysia, the United States, and Algeria.
Recent major developments include securing several high-value EPC contracts such as the construction of natural gas liquid fractionation facilities for Saudi Aramco with a project value exceeding USD 3.3 billion; the Skikda LNG storage tank project in Algeria under an EPCC contract; and the Jafurah Gas Compression Plants Phase III expansion in Saudi Arabia. The company also formed a strategic memorandum of cooperation with Yokogawa China to enhance EPC project capabilities by integrating control and safety systems. SEG continues to expand its portfolio with overseas projects in refinery, petrochemical, and natural gas sectors, e.g., projects in Kazakhstan, Malaysia, Saudi Arabia, Russia, and Algeria. SEG supports clients with financing assistance from Chinese export credit agencies and commercial banks to facilitate project funding.
SINOPEC Engineering (Group) Co., Ltd., a subsidiary of China Petroleum & Chemical Corporation (SINOPEC Group), listed on the Hong Kong Stock Exchange since 2013, leverages over 70 years of engineering experience. Its core business encompasses design, consulting, EPC contracting, maintenance, and project management services for large-scale oil refining, petrochemical complexes, coal chemical facilities, natural gas treatment plants, ammonia and fertilizer projects, LNG terminals, tankage and pipeline infrastructure, and utility projects. The company is certified by Lloyd's Register Quality Assurance and maintains a strong focus on innovation, globalization, and green clean energy solutions through technological excellence and modular construction methodologies. It reported revenue of approximately USD 8 billion and net profit of USD 330 million in 2023, reflecting robust operational and financial performance.
SINOPEC Engineering strategically positions itself as a world-leading technology-driven engineering company focused on integrated engineering solutions and global market expansion, particularly in the Middle East, Southeast Asia, Russia and CIS countries, Africa, and the Americas. It maintains advanced technical capabilities with numerous patents, national awards for science and technology progress, and proprietary technologies underpinning its EPC projects. The company plays a pivotal role in supporting China’s and international energy infrastructure development with a broad product and service portfolio and a full lifecycle engineering approach.
Overall, SINOPEC Engineering leads in upstream and downstream oilfield engineering construction, large-scale chemical manufacturing facilities, and new energy transition projects, enhancing its global footprint with notable recent contract wins and strategic collaborations in advanced control systems integration.