Save for later Print Download Share LinkedIn Twitter CHINA -- The country's top refiner, Sinopec, has started to firm up its previously fuzzy hydrogen plans with some hard numbers for the 2021-25 planning period (PIW Aug.27'21). Sinopec President Ma Yongsheng said the company plans to invest 30 billion yuan ($4.6 billion) in the entire hydrogen supply chain in 2021-25 from research and development through to retail fueling stations. For comparison, Sinopec plans total capital spending of 167.2 billion yuan in 2021. The company already has 20 retail stations for hydrogen-fueled vehicles up and running, compared with just 10 three months ago (IOD Apr.30'21). It plans to develop 100 hydrogen stations by the end of this year and have 200,000 tons/yr of hydrogen refueling capacity installed by 2025. Most of Sinopec's current hydrogen output is "gray" hydrogen produced from fossil fuels at its refineries, without capturing the resulting carbon emissions. But the company plans to start producing carbon-free "green hydrogen" during the 2021-25 planning period and is aiming for cumulative production of 1 million tons of green hydrogen during that period, management said.
