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Great Wall Holdings and Sinopec signed a hydrogen energy strategic cooperation framework agreement

by:Yisheng      2021-06-04

Automotive Information Network reported on May 12 that Great Wall Holdings Group Co., Ltd. (hereinafter referred to as 'Great Wall Holdings') and China Petrochemical Corporation (hereinafter referred to as 'Sinopec') formally signed a hydrogen energy strategic cooperation framework agreement in Beijing . The two parties will use their own advantages to carry out broader, deeper, and higher-level cooperation around the hydrogen energy industry, form complementary resources, promote the advancement of hydrogen energy technology, and empower the realization of the goal of 'carbon neutrality'. Sinopec Chairman and Party Secretary Zhang Yuzhuo, Great Wall Holding Group Chairman Wei Jianjun, and Great Wall Holding Weishi Energy Chairman Zhang Tianyu attended the signing ceremony. Sinopec Party Group member and deputy general manager Ling Yiqun and Chen Xuesong, executive president of Great Wall Holdings Weishi Energy, signed the agreement on behalf of both parties.

The signing ceremony of Great Wall Holdings and Sinopec

According to the agreement, the two parties will launch a number of cooperation in the fields of hydrogen energy industry, hydrogen energy technology and hydrogen energy capital. In the field of hydrogen energy industry, the two parties will collaborate to promote the demonstration of hydrogen fuel cell vehicles and the construction of hydrogen refueling stations or oil-hydrogen combined stations to jointly create integrated application scenarios for stations. Among them, including construction materials transportation heavy trucks in Xiongan New Area, Beijing-Tianjin-Hebei logistics vehicles, Baoding urban public transport and other hydrogen energy application benchmark demonstration scenarios; in the field of hydrogen energy technology, the two parties will strengthen the gas and liquid hydrogen energy production, storage, transportation, processing, Research cooperation on special topics such as application fields, and jointly build ecological, smart city energy comprehensive utilization and other hydrogen energy city demonstration projects; in the field of hydrogen energy capital, the two parties will actively cooperate to empower the real economy through financial innovation and build a future The brand-new development pattern creates greater value for shareholders and society.

Sinopec Chairman and Party Secretary Zhang Yuzhuo said that Sinopec is accelerating energy transformation and industrial upgrading, and plans to build 1,000 hydrogen refueling stations or oil-hydrogen combined construction stations, 5,000 charging stations, 7,000 Distributed photovoltaic power generation sites, creating a comprehensive energy service provider for “oil, gas, hydrogen, and electricity services”, and consolidating the dominant position in the transportation energy market. Great Wall Holdings has advanced hydrogen energy technology research and development capabilities. The cooperation between the two parties will help to leverage their respective advantages, deepen cooperation in the field of hydrogen energy, join hands to cheer for a beautiful China, jointly promote carbon neutrality, and promote high-quality economic and social development in my country.

Wei Jianjun, Chairman of Great Wall Holding Group, said that Sinopec has the largest hydrogen production capacity in China and has a solid foundation in the transportation, storage, refueling, and use of hydrogen. The signing of this contract with Sinopec is an important part of Great Wall's international 'system-storage-transport-add-application' integrated supply chain ecology. The cooperation between the two parties will provide more possibilities for the domestic hydrogen energy market, promote the development and breakthrough of hydrogen energy technology, and contribute to the early realization of the vision of 'carbon neutrality'.

Sinopec is one of the world’s largest petroleum energy companies. It produces 3.5 million tons of hydrogen per year, accounting for about 14% of the country. During the 14th Five-Year Plan period, 1,000 hydrogen infrastructures will be built. 、Safety has a better guarantee.

Great Wall Motor launches hydrogen energy strategy

As the first Chinese automobile company to enter the International Hydrogen Energy Commission, Great Wall began to form a world-class hydrogen energy, fuel cell system and vehicle technology research and development team as early as 2016. In March of this year, Great Wall Motors, a subsidiary of Great Wall Holdings, officially released its hydrogen energy strategy, and at the same time launched a set of internationally leading vehicle-level 'hydrogen power system' full-scene application solutions ---Hydrogen technology. At present, Great Wall has advanced hydrogen energy technology research and development capabilities, and has built a complete hydrogen energy industry chain. A series of scenarios have been deeply cultivated. Weishi Energy Technology Co., Ltd., a subsidiary of Great Wall Holdings, is a high-tech energy company with a global development of hydrogen energy industry chain layout. The company is committed to the research and development, promotion and application of hydrogen energy and fuel cell technology, focusing on the world's leading key technology areas of hydrogen fuel cell, and developing platform-based key component design for the passenger car and commercial vehicle market.

International-level 'system-storage-transport-add-application' integrated supply chain ecology

Hydrogen energy is an important clean energy in the future. At present, Great Wall has determined the energy strategy of clean energy and multi-ecological interaction, and will use 'electric hydrogen' as the basic energy carrier to create a comprehensive energy ecology integrating energy, transportation, real estate, finance, and smart multi-industry, so as to realize green energy Efficient and orderly use of Great Wall will take advantage of the Dongfeng signed with Sinopec to help China become a benchmark for global transportation energy transformation and accelerate the realization of carbon neutrality with the global 'zero-carbon' energy revolution as the direction!

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