Posted on 26 Aug 2024
Over 80 Chinese energy majors, led by Sinopec and the State Energy Group, have launched a consortium to develop the country’s green hydrogen sector, Kallanish reports.
The so-called Central Enterprise Green Hydrogen Energy Production, Storage and Transportation Innovation Consortium held its launch meeting in Beijing on Wednesday. It will be “guided” by the State-owned Assets Supervision and Administration Commission of the State Council.
The Commission says the consortium is committed to building a “good ecosystem” that integrates industry, academia, research, and large, medium and small enterprises, led by central enterprises. It will improve the operating mechanism, strengthen technological research, and realise full-chain innovation to jointly promote the “vigorous development” of China’s green hydrogen energy industry.
Oil companies PetroChina and Cnooc; energy majors China Energy Investment Corp and State Grid Corp; and China State Shipbuilding Corp are among the other members.
Ma Yongsheng, chairman of Sinopec, said the company will strengthen the overall coordination of the consortium to tackle issues, promote integrated development, and further the development of China’s hydrogen industry. The state oil and gas company will also contribute to “promoting green and low-carbon energy transformation, developing new quality productivity, and ensuring national energy security.”
Li Yonglin, deputy general manager of Sinopec, stated that the consortium will bring together resources for systematic research to collectively build national strategic scientific and technological capabilities that will support the industry. Details, however, weren’t unveiled.
The Asian country is targeting the production of 200,000 tonnes/year of green hydrogen by 2025. According to Rystad Energy, China is projected to install around 2.5 gigawatts (GW) of hydrogen electrolyser capacity by the end of this year, which equates to around 220,000 t/y of green hydrogen.
Source:Kallanish
