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