The project will help the hydrogen sector in Guangdong rapidly develop and lift the region's hydrogen production and supply capacity.
With total investment of 62.44 million yuan ($9.66 million), the project will adopt Sinopec's independent intellectual property rights technology and is expected to be put into operation by the first quarter next year, it said.
The company plans to invest 30 billion yuan during the 14th Five-Year Plan (2021-2025) period in hydrogen-related business, including hydrogen refueling stations and hydrogen storage facilities construction, all of which is believed to achieve carbon dioxide reduction of more than 10 million tons.
The company also plans to build 1,000 hydrogen refueling stations, 5,000 charging and battery swap stations and 7,000 distributed photovoltaic power generation sites during the 14th Five-Year Plan period. It has already built 21 hydrogen refueling stations in 14 provinces and cities, including Guangdong, Shanghai and Hainan.
