On December 7, Sinopec Capital announced its investment in Sinoma Lithium Battery Separator Co., Ltd. (Sinoma Lithium Battery Separator), accomplishing the “Big Deal” of the year. This is Sinopec Capital’s first project with investment amount exceeding 1 billion yuan, first project approved by the top management of Sinopec Group, and the single largest investment since its establishment. Through the "Big Deal" strategic investment, Sinopec Capital will build its presence in lithium ion battery materials, help Sinopec Group optimize its product structure of new materials, increase the proportion of high value-added products, and enhance its competitiveness in chemical business through cooperation with downstream customers.

This project is jointly completed by Sinopec Capital and other well-known investment institutions and industrial capital such as CNBM New Materials Fund, CNPC Kunlun Capital, Three Gorges Capital, China Reform Science Reform Fund, CTHG Fund and CICC Capital. The total investment is 6.5 billion yuan, this year’s largest investment in the primary market of the upstream of lithium industry chain.

Established in 2016 and with a registered capital of 2.265 billion yuan, Sinoma Lithium Battery Separator was held by Sinoma Science & Technology Co., Ltd., (002080.SZ), a member of China National Building Materials Group. It mainly engages in the research and development, production, sales and technical services of high-performance lithium ion battery separator, with products certified and used by many leading lithium ion battery manufacturers at home and abroad, such as CATL, BYD, LG and Panasonic. From 2019 to 2021, its market share was among the top three in the world.

This project is an important initiatives of the strategic cooperation framework between Sinopec Group and CNBM Group. Based on its mission of fostering new momentum and creating a new engine for Sinopec Group’s transformation and upgrading, Sinopec Capital actively learns and implements the spirit of the 20th CPC National Congress, concentrates on the high-quality development plan of Sinopec Group's new chemical materials, adheres to the principle of market orientation, focuses on "Big Deal" strategic investment projects, and invests in new applications and new materials with high added value and high technological barriers, and helps Sinopec Group make further achievements in the journey of building a world-leading clean energy and chemical company. Sinopec Capital will continue focusing on post-investment empowerment and risk prevention, serve the high-quality development of Sinopec Group's new material business, and ensure the value preservation and appreciation of state-owned assets.