China Energy Investment Corporation Leads Green Hydrogen Consortium
Key Ideas
- China Energy Investment Corporation gains approval to establish a green hydrogen consortium focused on production, storage, and transportation.
- Consortium includes key state-owned companies like State Energy Group, Sinopec, State Power Investment Corporation, and China Aerospace Science and Technology Corporation.
- The group aims to advance domestic green hydrogen industry through scientific research and promote large-scale applications.
- Sinopec's chairman highlights the critical role of green hydrogen in emerging industries and the shift towards green and low-carbon practices.
China Energy Investment Corporation, a Chinese-state owned mining and energy company, has received approval from the Assets Supervision and Administration Commission of the State Council to establish a consortium dedicated to green hydrogen production, storage, and transportation. Leading the consortium alongside State Energy Group and Sinopec are state-owned companies like State Power Investment Corporation and China Aerospace Science and Technology Corporation. The primary focus of this consortium will be on conducting systematic scientific research to nurture the domestic green hydrogen industry and drive widespread adoption of green hydrogen technologies. Ma Yongsheng, chairman of Sinopec, emphasized the significance of green hydrogen not just in emerging industries but also in facilitating the transition towards environmentally friendly and low-carbon practices.