PR89196

BEIJING, April 26, 2021 /PRNewswire=KYODO JBN/ --

Mr. Zhang Yuzhuo, chairman of China Petroleum & Chemical Corporation (HKG:

0386, "Sinopec"), shares his perspective on carbon neutrality, the development

prospects of carbon neutrality and the overall strategic layout of hydrogen

energy, during an interview with well-known media on April 17.

To watch the show, please visit: https://www.youtube.com/watch?v=gZoUGFawsKE.

"It's our goal to become the No.1 hydrogen enterprise in China, to achieve a

systematic layout of the entire hydrogen energy industry chain that will make

hydrogen refueling as convenient as gas refueling," said Mr. Zhang. "In the

future, Sinopec will gradually expand our hydrogen energy operations as well as

other renewable energy sources to advance the development of a combined

'petroleum, gas, hydrogen, electric and non-petroleum service.'"

Sinopec's confidence in creating the leading hydrogen enterprise stems from the

current scale of its hydrogen production, which is the largest in China, as

well as its acceleration in building the necessary infrastructure for hydrogen

energy that lays a solid foundation for all elements of hydrogen energy

including transportation, storage, filling and application, as well as having a

firm grasp of the relevant laws, costs and safety aspects.

In recent years, Sinopec has continuously increased investment in the field of

hydrogen energy and devised plans to develop it as an key emerging strategic

business. Sinopec has integrated the entire hydrogen energy industry to cover

fields including capital operations, technology R&D, production, logistics,

network building and social cooperation, and has achieved breakthroughs in

constructing hydrogen refueling stations, hydrogen production technologies,

hydrogen fuel batteries and hydrogen storage materials.

Currently, Sinopec has an annual hydrogen production capacity exceeding 3.5

million tons, which accounts for 14 percent of the national total. The company

plans to build and operate 100 hydrogen refueling stations in 2021, and 1,000

in next five years, to lead the high-quality industrial development of hydrogen

energy.

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.

For more information, please visit: http://www.sinopec.com/

Source: Sinopec