Posted on 17 Aug 2023
Officials of China’s State-owned Assets Supervision and Administration Commission of the State Council have met representatives of German conglomerate thyssenKrupp in Beijing, signalling potential collaboration on green hydrogen, Kallanish learns from the government.
The discussions mainly focused on strengthening practical exchanges and cooperation between enterprises, expanding energy technology innovation, and industrial green and low-carbon transformation, development and cooperation.
“Under the strategic guidance of Chairman Xi Jinping and German Chancellor Scholz, the relationship between China and Germany has continued to develop healthily and steadily, creating favourable conditions for state-owned central enterprises to strengthen cooperation with German companies,” comments Zhang Yuzhuo, director of the Chinese commission.
“At present, the commission is vigorously promoting the development of strategic emerging industries and accelerating the transformation and upgrading of traditional industries. This has opened a broad space for cooperation between Chinese central enterprises and well-known multinational companies such as thyssenkrupp Group. The commission will actively support the cooperation expansions in the fields of renewable energy development, green hydrogen production, industrial carbon reduction and utilisation, and green chemical industry on the basis of cooperation in traditional fields,” Yuzhuo adds.
Major leaders of large energy-related Chinese companies including Sinopec, China Datang Corporation, China Energy Group and Angang Steel Group Limited also attended the meeting and exchanged views on cooperation with thyssenkrupp.
In July, thyssenkrupp’s hydrogen subsidiary nucera was listed in Germany, with a market capitalisation of €2.53 billion ($2.76 billion). The firm provides technology for hydrogen electrolysis plants that can produce hydrogen on an industrial scale using renewable power. Its contracted projects have a combined installed electrolysis capacity of over 3 gigawatts.
Source:Kallanish
