Mr. Zhang Yuzhuo, chairman of China Petroleum & Chemical Corporation and Sinopec, shares his perspective on carbon neutrality, the development prospects of carbon neutrality and the overall strategic layout of hydrogen energy, during an interview with well-known media on April 17.
Sinopec’s confidence in creating the leading hydrogen enterprise stems from the current scale of its hydrogen production, which is the largest in China, as well as its acceleration in building the necessary infrastructure for hydrogen energy that lays a solid foundation for all elements of hydrogen energy including transportation, storage, filling and application, as well as having a firm grasp of the relevant laws, costs and safety aspects.
In recent years, Sinopec has continuously increased investment in the field of hydrogen energy and devised plans to develop it as an key emerging strategic business. Sinopec has integrated the entire hydrogen energy industry to cover fields including capital operations, technology R&D, production, logistics, network building and social cooperation, and has achieved breakthroughs in constructing hydrogen refueling stations, hydrogen production technologies, hydrogen fuel batteries and hydrogen storage materials.
Currently, Sinopec has an annual hydrogen production capacity exceeding 3.5 million tons, which accounts for 14 percent of the national total. The company plans to build and operate 100 hydrogen refueling stations in 2021, and 1,000 in next five years, to lead the high-quality industrial development of hydrogen energy.
Sinopec Corp. is one of the largest integrated energy and chemical companies in China. Its principal operations include the exploration and production, pipeline transportation and sale of petroleum and natural gas; the sale, storage and transportation of petroleum products, petrochemical products, coal chemical products, synthetic fiber, fertilizer and other chemical products; the import and export, including an import and export agency business, of petroleum, natural gas, petroleum products, petrochemical and chemical products, and other commodities and technologies; and research, development and application of technologies and information.