- 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: https://iop.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.