Sinopec Shanghai Petrochemical Company Limited
SHI
Energy
2
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Sinopec Shanghai Petrochemical Company Limited is a major integrated petrochemical enterprise whose core business is the refining of crude oil into petroleum products and petrochemicals. The company processes millions of tonnes of crude oil annually to manufacture gasoline, diesel, jet fuel, and other fossil fuel derivatives. Its operations are fundamentally tied to the upstream fossil fuel supply chain, relying on the extraction and production of oil and gas.
While the company's public reports reference a strategic transition to combine fossil and renewable energy, its primary revenue and operational focus remain on refining and petrochemical production derived from crude oil. There is no evidence of a planned phase-out of its fossil fuel-dependent refining assets or a substantive shift away from its core business model.
Sinopec Shanghai Petrochemical Company Limited operates a major integrated petrochemical complex in Shanghai’s Jinshan District, producing ethylene, synthetic fibers, resins, plastics, and intermediate petrochemicals. The scale of its operations inherently involves the handling and processing of large volumes of hazardous materials, presenting significant risks for toxic contamination and ecological damage.
The company’s own reporting documents 12 major environmental risks and 8 hidden risks for environmental pollution across its operations. While the company publishes sustainability reports and has received awards for environmental performance, its core business model—large-scale petroleum refining and chemical manufacturing—is a recognized source of soil, water, and air contamination. The site requires ongoing environmental impact assessments to manage the consequences of its industrial activity.
Research Sources
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