Sinopec Doubles Down on Hydrogen Despite Demand Drought

Caixin Global | Feb 22, 2021 at 9:51 PM
  • Oil and gas conglomerate China Petrochemical Corp. is doubling down on hydrogen with plans to build a network of fuel-cell refueling stations, despite low demand.
  • The company, known as Sinopec, has set its sights on operating 1,000 refueling stations selling solely hydrogen or both hydrogen and gasoline by 2025.
  • In October, Sinopec announced a fund it set up in August 2020 had reached an agreement to develop technology to produce hydrogen fuel from water through electrolysis.