China’s Sinopec Corp plans to spend 30 billion yuan ($4.6 billion) on hydrogen energy by 2025 as the state oil and gas major pivots to producing natural gas and hydrogen as part of becoming a carbon-neutral energy provider by 2050. Asia’s biggest oil refiner said on Monday it plans to become China’s largest company to […]
Sinopec Corp sets up new subsidiary to specialize in Hydrogen – EQ Mag Pro
SINGAPORE : Sinopec Corp has set up a new subsidiary in Xiong’an, near Beijing, to specialise in the hydrogen fuel business, China’s second-largest oil and gas company said on Friday. Sinopec Xiong’an New Energy Co. Ltd, a unit fully owned by Sinopec Corp, has registered capital of 100 million yuan, the company said. The new […]