Sinopec Accelerates Hydrogen Energy Development to Build World-leading Clean Energy Chemical Company
PR88462
BEIJING, March 11, 2021 /PRNewswire=KYODO JBN/ --
- 1,000 Hydrogen Refueling Stations be Built in Next Five Years
Mr. Ma Yongsheng, President of China Petroleum & Chemical Corporation (HKG:
0386, "Sinopec") and Academician of Chinese Academy of Engineering, has
proposed to accelerate hydrogen energy industry development during the Two
Sessions recently held in Beijing. Mr. Ma suggested to devote more efforts in
top-level design, core technology R&D, standard system formulation and
industrial policy support.
As a secondary source of energy, hydrogen is playing an increasingly important
role on the world energy stage. At present, China has achieved significant
progress in hydrogen energy-related technologies, but the hydrogen energy
industry remains in the pilot demonstration and market promotion stage.
Mr. Ma noted the many advantages of hydrogen energy, such as its varied
sources, zero terminal discharge and wide range of applications. According to
the international Hydrogen Council, hydrogen energy will reduce carbon dioxide
emissions by six billion tons by 2050. Meanwhile, the China Hydrogen Energy
Alliance predicts that by 2050, China's annual hydrogen demand will be close to
60 million tons, which would help the country to cut 700 million tons from its
carbon dioxide emissions.
Since 2020, China has successively issued the "Notice of Launching
Demonstration Applications of Fuel Cell Vehicles" and the "New Energy Vehicle
Industry Development Plan (2021-2035)", and supporting plans and policies to
promote hydrogen energy R&D, production, storage and transportation and
application have been introduced by local authorities across China. As of the
end of 2020, China has an inventory of 7,352 fuel cell vehicles, 128 hydrogen
refueling stations have been built with 101 already put into operation, ranking
second worldwide only to Japan.
Sinopec currently produces 3.5 million tons of hydrogen per year. In 2020,
Sinopec started to advance and accelerate the construction of an integrated
hydrogen energy industry chain across various fields – capital operation,
technology R&D, production storage and transportation, network distribution and
social cooperation.
Sinopec has built hydrogen refueling stations in Guangdong, Shanghai, Zhejiang,
Guangxi and more, and 10 oil-hydrogen mixing stations are now in operation.
As part of China's 14th Five-Year Plan, Sinopec has included "clean" in the
company vision for the first time. Carrying the goal of building China's
largest hydrogen energy company, Sinopec will also be promoting clean energy
construction through accelerating the transformation of hydrogen sources from
grey hydrogen to blue and green hydrogen.
"During the '14th Five-Year Plan' period, Sinopec will layout 1,000 hydrogen
refueling stations and step up to become a service provider of 'oil, gas,
hydrogen, electricity and non-oil business' through transformation," said Mr.
Ma. "In the future, people will not only pump gasoline and diesel in Sinopec's
gas stations, but also hydrogen refueling and electricity among other
businesses."
To better promote the market application of the hydrogen energy industry,
Sinopec as an official partner of the 2022 Winter Olympics will guarantee
supply of clean energy for the Game's infrastructure construction and
operations to empower a "Green Winter Olympics."
Therefore, Sinopec's Beijing Yanshan Petrochemical Company has built a hydrogen
purification unit which successfully produced hydrogen with purity of over 99.9
percent in March, 2020, achieving a daily production capacity of 500 kilograms
of battery hydrogen products to meet the market's demand.
About Sinopec
Sinopec Corp. is one of the largest integrated energy and chemical companies in
China. Its principal operations include the exploration and production,
pipeline transportation and sale of petroleum and natural gas; the sale,
storage and transportation of petroleum products, petrochemical products, coal
chemical products, synthetic fiber, fertilizer and other chemical products; the
import and export, including an import and export agency business, of
petroleum, natural gas, petroleum products, petrochemical and chemical
products, and other commodities and technologies; and research, development and
application of technologies and information.
Sinopec sets 'fueling beautiful life' as its corporate mission, puts 'people,
responsibility, integrity, precision, innovation and win-win' as its corporate
core values, pursues strategies of value-orientation, innovation-driven
development, integrated resource allocation, open cooperation, and green and
low-carbon growth, and strives to achieve its corporate vision of building a
world leading energy and chemical company.
Source: SINOPEC
Image Attachments Links:
Link: http://asianetnews.net/view-attachment?attach-id=386348
Caption: Ma Yongsheng, President of Sinopec Proposed to Accelerate Hydrogen Energy
Industry Development during the Two Sessions 2021, with “clean” in the company
vision for the first time.
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