China's Sinopec to Launch 30,000 Tonne Per Year Green Hydrogen Project
- 23-Feb-2023 6:11 PM
- Journalist: Li Hua
China: China Petroleum & Chemical Corporation (Sinopec) has just kickstarted a $828.04 million green Hydrogen project in Inner Mongolia. Once completed, this pioneering project will have the capability to produce up to 30,000 tonnes of green Hydrogen per year and help decarbonize coal processing.
The Erdos region is set to use a combination of solar and wind energy resources to produce green Hydrogen, as well as up to 240,000 tonnes of green Oxygen annually. This oxygen will be used for the ZTHC Energy coal processing pilot project's Carbon reduction initiatives.
Sinopec, a giant in the coal-chemical industry, is undertaking what it claims is the world’s largest project in the green Hydrogen field. The aim of this ambitious project is to increase both China's and the world's capacity to produce green Hydrogen, while pushing towards China's renewable energy goals. Sinopec hopes this will create a vast green Hydrogen supply chain that can revolutionize global energy production and consumption.
Wind and solar energy production capabilities are set to reach 450MW and 270MW respectively, unlocking a new source of Hydrogen production through water electrolysis.
A Chinese firm has recently announced the commencement of a major project that encompasses Hydrogen storage and transportation. The company claims that the site will be able to store up to 288,000 cubic metres of Hydrogen.
A recent investment of ¥5.7bn ($828.04m) is expected to reduce Carbon emissions by 1.43 million tonnes each year, while also contributing ¥600m ($87.17m) to the GDP and ¥30m ($4.36m) in taxes annually.
“The project is of great significance to guaranteeing China’s energy security, building new energy systems, and advancing green energy and low-Carbon development in Inner Mongolia, leading towards a new, high-quality development roadmap that prioritises ecological conservation and green development,” stated Ma Yongsheng, Chairman of Sinopec.
By 2030, China is projected to have the potential to install 100GW of renewable Hydrogen capacity. This development is in line with China’s 2060 Net Zero roadmap, which highlights green Hydrogen as one of the most significant solutions for heavy industry and long-distance transport in order to achieve energy transition goals.
