Sinopec recently unveiled plans to spend US $4.6 B on hydrogen energy by 2025, in addition to launching various H₂ projects in efforts to help the Chinese government meet its goal of becoming carbon neutral by 2050.

The company is planning to establish 1000 hydrogen refueling stations with 200,000 t of annual refueling capacity in China by 2025, and aims to produce 1 MMt of green hydrogen from renewable energy between 2021 and 2025.

The company also revealed last week that it is building two large-scale, solar-powered green hydrogen projects in north China.

The oil refiner said it has invested in one plant in Ordos, in the Inner Mongolia autonomous region, and another in Tahe, in the Xinjiang Uygur autonomous region, while Sinopec Engineering is heading up the plants' design and construction. Both plants are planned to have an annual output capacity of 10,000 t.

In addition, the company revealed in July that it has begun a CCUS project in east China, as part of the company's goal to be carbon neutral by 2050. 

The CCUS project involves capturing CO₂ produced from a Sinopec's Qilu refinery in eastern Shandong province during a hydrogen-making process, and then injecting it into 73 oil wells in nearby Shengli oilfield. 

The project is scheduled to start operations at the end of 2021 and Sinopec said it plans to build an additional CCUS project in the Jiangsu province, and will consider establishing a CCUS R&D center in the country as well.