PR93360

BEIJING, Nov. 30, 2021 /PRNewswire=KYODO JBN/ --

- With total investment of $470.77 million, the project will produce an annual

output of green hydrogen reaching 20,000 tons when put into operation.

- With an expected reduction of carbon dioxide emissions by approximately

485,000 tons a year.

- The project will contribute an average of $20.4 million to the local GDP and

generate $2.82 million in tax revenue.

China Petroleum & Chemical Corporation's (HKG: 0386, "Sinopec") hosted an

online launching ceremony on November 30 in the cities of Beijing, Urumqi and

Kuqa to announce that China's first 10,000-ton photovoltaic green hydrogen

pilot project, the Sinopec Xinjiang Kuqa Green Hydrogen Pilot Project (the

"Project"), has officially started construction. Upon completion, the project

will produce an annual green hydrogen output of 20,000 tons, making it the

world's largest photovoltaic green hydrogen production project.

A concrete action of Sinopec's pledge to support China's "dual-carbon" goals

and pursuance of green, low-carbon development, the Project is of great

significance to promote the development of a green hydrogen industry chain as

well as economic and social development in Xinjiang Uygur Autonomous Region,

guarantee the energy security and carry forward the transformation and

upgrading of the energy industry in China.

The Project is a hydrogen production plant that directly uses large-scale

photovoltaic power generation and with a total investment of 3 billion yuan

($470.77 million) is mainly comprised of five sections: photovoltaic power

generation, power transmission and transformation, hydrogen from water

electrolysis, hydrogen storage and hydrogen transport.

As part of the project, Sinopec will build a new photovoltaic power station

with an installed capacity of 300MW and annual power generation of 618 million

kilowatt-hours, an electrolyzed water hydrogen plant with an annual capacity of

20,000 tons, a spherical hydrogen storage tank with hydrogen storage capacity

of 210,000 standard cubic meters, and hydrogen transmission pipelines with a

capacity of 28,000 standard cubic meters per hour (including supporting power

transmission and transformation facilities).

The Project is expected to be completed and put into operation in June 2023,

and the green hydrogen produced by the plant will be supplied to Sinopec Tahe

Refining & Chemical to replace the existing natural gas and fossil energy used

in hydrogen production. The carbon dioxide emissions are estimated to be

reduced by 485,000 tons a year, and the Project will contribute an average of

US$20.4 million to the local GDP and generate US$2.82 million in tax revenue.

"Hydrogen energy is one of the sources of clean energy that has the most

potential for development. This pilot project gives full play to Xinjiang's

advantage in its wealth of resources and is a key project for Sinopec to build

a No.1 hydrogen energy company. It's also a major strategic achievement for

local-enterprise cooperation and is of great significance to promoting social

and economic development in Xinjiang, advancing energy transformation, ensuring

China's energy security and supporting the sustainable development of the

global economy," said Ma Yongsheng, president of Sinopec.

The Project has four major advantages – rich in resources, green and

low-carbon, large-scale application and technological breakthroughs. It's an

all-process green hydrogen production and application pilot project linking up

wind and photovoltaic power generation, green electrical transmission, hydrogen

production with green electricity, hydrogen storage, hydrogen transportation

and green hydrogen refining. Upon completion and full operation, the Project

will present a new development path for green hydrogen refining and have a

major effect on the large-scale application of green hydrogen to achieve carbon

emission reduction.

In the meantime, all of the major equipment machineries and core materials used

in the construction of the Project are manufactured in China, including the

photovoltaic modules, the "heart" electrolyzer in water-electrolytic hydrogen

production, hydrogen storage tanks and hydrogen pipelines, which is momentous

for the rapid development of China's hydrogen production equipment industry.

Focusing on achieving "dual carbon" goals, Sinopec has taken the lead in

developing the green hydrogen industry and actively promotes the green and

low-carbon development of the petrochemical industry. As the largest hydrogen

producer in China, Sinopec is currently producing approximately 3.9 million

tons of hydrogen per year and in terms of green hydrogen technology, Sinopec

has applied its first self-developed PEM water electrolysis hydrogen production

station.

For more information, please visit Sinopec<http://www.sinopec.com/listco/en/>.

SOURCE  SINOPEC

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=409304

   Caption: Sinopec Lands World’s Largest Photovoltaic Green Hydrogen Production Project in

Kuqa, Xinjiang.