Chinese state-controlled oil company, Sinopec, plans to launch its first green hydrogen project, a zero-carbon fuel generated from renewable energy sources, in the Inner Mongolia region in 2022.
The company will also focus on fossil fuel-based hydrogen output over the next five years and set up 1,000 hydrogen filling stations across the country, as part of its goal to be carbon neutral by 2050. The green hydrogen plant located in Ordos and is designed to have annual production capacity of 20,000 tonnes, with a total investment of 2.6 billion yuan (USD405.58 million). The first phase will involve 10,000 tonnes hydrogen output, supported by a 270 MW solar power station and a 50 MW wind farm. Sinopec currently owns an annual hydrogen production capacity of 3.5 million tonnes, mainly grey hydrogen as a byproduct from its refineries, accounting for about 14 per cent of total hydrogen output in China.