China's Sinopec begins construction of USD-470m green hydrogen plant
Solar panels. Featured Image: Jackiso/Shutterstock.com
China Petroleum & Chemical Corporation (HKG:0386), better known as Sinopec, today announced the start of construction of a CNY-3-billion (USD 471m/EUR 414m) green hydrogen production complex in the Xinjiang Uyghur Autonomous Region.
This pilot project calls for the installation of a 300-MW solar photovoltaic (PV) power plant to supply with electricity an electrolyser with the capacity to produce 20,000 tonnes of green hydrogen per year. The plan also includes a spherical hydrogen storage tank with the capacity to store 210,000 standard cubic metres and hydrogen transmission pipelines with a capacity of 28,000 cubic metres per hour.
According to Sinopec, this will be the world's largest solar PV-powered green hydrogen production project when completed in June 2023. Its output will be supplied to Sinopec Tahe Refining & Chemical so it could replace the existing natural gas and fossil energy used in hydrogen production.
All of the major equipment and core materials for the project, including solar PV modules, electrolysers, hydrogen storage tanks and pipelines, will be manufactured in China.