On April 10, 2012, Chinese Academy of Sciences (CAS) and China Petrochemical Corporation (Sinopec Group) signed an overall strategic cooperation agreement and held the first steering committee meeting in Beijing. President of CAS Prof. BAI Chunli, former Vice President of CAS Prof. JIANG Mianheng, Vice President of CAS Prof. YIN Hejun, President of Sinopec Mr. FU Chengyu, General Manager of Sinopec Mr. WANG Tianpu and Senior Vice President Mr. DAI Houliang attended the signing ceremony,
On behalf of CAS and Sinopec, President BAI and President FU signed the overall strategic cooperation agreement. The two parties also signed the working instructions of deepening the strategic collaboration and held the first steering committee meeting, during which the two parties decided to seek and undertake national major special science and technology projects of the following six fields: beam line station, thorium-based molten salt nuclear energy system, coal chemical industry and hydrogen production, sensor monitoring and protection of pipeline corrosion, carbon fiber and electric vehicles. Co-chiefs or project leaders will be in charge of the implemention of such projects and steering committee offices will be established under the steering committee, in which CAS's office will be set up in SARI.