On June 5, 2020, the signing ceremony of CHP (combined heat and power generation) cooperation framework agreement between Sinopec ZRCC and ZhenhaiPower Generation Co., Ltd. of Zhejiang Energy Group was held in ZRCC.

Sinopec and Zhejiang Energy Group, as excellent representatives of state-owned central enterprise and provincial state-owned enterprise respectively, have been seeking strategic cooperation all the way. ZRCC and Zhenhai Power Generation Company, as two state-owned enterprises with a long history in Zhenhai district, have always had a good cooperative relationship. The signingof the cooperation framework agreement marks a new step towards further cooperationbetween the two sides.