A file picture showing an employee walking past oil tanks at a Sinopec refinery in Wuhan. — Reuters
BEIJING/SINGAPORE: 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 produce hydrogen for use as a transportation fuel, targeting annual capacity of 200,000 tonnes of hydrogen refuelling by 2025.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
