China's State-Owned Energy Giants Form Consortium to Boost Green Hydrogen Industry
Key Ideas
- A consortium led by China Petrochemical Corp. and CHN Energy Investment Group is focused on advancing China's green hydrogen sector.
- The goal is to promote full-chain innovation from basic research to industrialization in the green hydrogen industry.
- This initiative signifies a push towards cleaner energy solutions and sustainable development in China.
A consortium spearheaded by state-owned energy giants in China, including China Petrochemical Corp. (Sinopec) and CHN Energy Investment Group Co. Ltd., has been established to propel the country's green hydrogen industry. The primary objective of this consortium is to achieve comprehensive innovation across the entire spectrum, from fundamental research to the industrial deployment of green hydrogen technologies. As stated in a release by Sinopec, the focus is on fostering the robust growth of China's green hydrogen sector. This strategic move underlines a significant commitment to transitioning towards environmentally friendly energy sources and championing sustainable development in China. By bringing together the expertise and resources of these energy giants, the consortium aims to play a pivotal role in driving advancements and adoption of green hydrogen within the country's energy landscape.