Sinopec Group, China's leading oil refiner, has taken a significant step towards accelerating the development of green hydrogen by spearheading an alliance with more than a hundred Chinese companies. This alliance aims to establish a robust supply chain for green hydrogen, which is produced using renewable energy sources and is crucial for reducing emissions in industries such as steel, cement, and petrochemicals. While green hydrogen offers a cleaner alternative, it faces stiff competition from more polluting forms derived mainly from natural gas. The alliance, which includes major players like China Energy Investment Corp. and State Grid Corp., is focused on overcoming various challenges, including storage and transportation from renewable power hubs in China's remote regions to the industrial hubs on the eastern coast. The initiative comes at a crucial time as China grapples with slowing progress in green hydrogen due to high costs, safety concerns, and market inefficiencies. Sinopec is actively investing in advanced production methods and expanding distribution networks to meet the surging demand and counterbalance diminishing refining profits amidst approaching peak oil demand in the country. While the global supply of low-carbon hydrogen is projected to rise significantly in the coming years, there are doubts about meeting governmental targets due to potential volume shortages. The collaborative efforts of this alliance signify a positive step towards addressing these challenges and driving the adoption of green hydrogen in China's energy landscape.