Equipped with world-class automatic blending and packaging production line, Sinopec Lubricant Company can supply over 700 kinds of lube oils and greases in all 20 categories including crankcase oil, industrial gear oil, hydraulic oil, greases, anti-coolant, brake fluid, metal working fluid, marine oil and additives, etc., which are widely used in the fields of aviation, space flight, automobile, machinery, metallurgy, mining, petrochemical engineering, electronics, etc.

In 2023, by seizing the opportunity of rebounded market demand, the Company brought the advantages in integrated business into full play to expand the market and improve profit. Domestic refined oil products sales volume realised a record high. We focused on client demand and carried forward targeted and differentiated marketing tactics. The sales volume of gasoline rose by 15.9% and the retail volume of vehicle LNG was up by 85%. We fully leveraged our strength in existing end-market network, stepped up efforts in developing EV battery charging and swapping business and demonstrating application scenarios of hydrogen mobility, and transforming to an integrated energy service provider of fuel, gas, hydrogen, electricity and non-fuel services. We vigorously expanded our global business, explored the low-sulfur bunker fuel market both home and abroad and became the world’s second largest bunker fuel supplier. We continued to enrich the Easy Joy service ecosystem with the quality and profitability both boosted for the non-fuel business. Total sales volume of refined oil products for the year was 239 million tonnes, up by 15.6%, of which total domestic sales volume accounted for 188 million tonnes, up by 15.8%.across all 21 major product categories.