Chinese state oil and gas company Sinopec has established a new subsidiary to focus on hydrogen, including infrastructure, storage and transport.
Sinopec Xiong’an New Energy Company will construct hydrogen energy infrastructure, operate hydrogen refuelling stations, store and transport hydrogen, construct and operate hydrogen pipelines, and engage in hydrogen energy technology research and development. It will also provide integrated energy services for oil, gas, hydrogen, and electric services.
The subsidiary was registered in Xiong’an New Area in northeast China, a new urban district officially established in 2017 with economic and development support from the Chinese government. Sinopec Xiong’an New Energy Company fulfils the Chinese government’s plan to create a national hydrogen firm and will also play an important role in developing a comprehensive service platform for hydrogen in Xiong’an New Area, with the eventual aim of making the urban area carbon neutral.
For more information visit www.sinopecgroup.com
