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Sinopec Throws Itself Into Hydrogen for China’s Green Car Goals

  • China oil major targets 1,000 hydrogen fuel stations by 2025
  • ‘Ambitious’ plan to speed up fuel cell sector: Morgan Stanley
Hydrogen car
Photographer: picture alliance/picture alliance

Sinopec plans to boost its hydrogen refueling network as the state-owned oil giant tries to carve out a role in China’s transition to cleaner energy.

China Petroleum & Chemical Corp., as the company is formally known, plans to have 1,000 refueling stations equipped with hydrogen by 2025, the company said in a statement on its WeChat account, up from about 27 pilot stations at the end of last year. The company operates about 30,000 service stations, according to its most recent annual report.