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Sinopec announces intention to become China's largest hydrogen energy company

Author : PCEC

29 March 2021

In 2020, Sinopec announced that it would build China's largest hydrogen energy company. During the "14th Five-Year Plan" period, Sinopec will accelerate the development of new energy business with hydrogen energy as its core, and vigorously promote the rapid development of the entire hydrogen energy industry chain in the two major areas of hydrogen energy transportation and hydrogen-based refining.

Image: Sinopec
Image: Sinopec

In 2021, Sinopec will promote the construction of the entire hydrogen energy industry chain in various fields such as capital operation, technology research and development, production and storage and transportation, network layout, and social cooperation.

Sinopec will also improve the hydrogen energy infrastructure and coordinate the development of a hydrogen refuelling station network based on oil-hydrogen mixing stations. As of the end of 2020, Sinopec has carried out a total of 27 hydrogen refuelling station pilot projects, and deployed hydrogen refuelling stations in Guangdong, Shanghai, Zhejiang, Guangxi and other places.

During the "14th Five-Year Plan" period, Sinopec will deploy 1,000 hydrogen refuelling stations. Sinopec is now the largest hydrogen producer in China. At present, its annual hydrogen production capacity exceeds 3.5 million tons, accounting for about 14% of the national hydrogen production. It has built several oil-hydrogen combined demonstration stations in Guangdong, Zhejiang, Shanghai, Guangxi, Guizhou and other places. Sinopec will also continue to increase investment in the field of hydrogen energy and accelerate the development of new energy business with hydrogen energy as the core and will promote the rapid development of the entire hydrogen energy industry chain, create a comprehensive energy service provider for "oil, gas, hydrogen, and electricity", strive to become China's largest hydrogen energy company and lead the high-quality development of China's hydrogen energy industry.


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