Sinopec: In-depth development of new energy projects along the Yellow River Basin to improve the supply capacity of green hydrogen

Surging Financial News

The surging news learned that Sinopec Recently released a special plan for ecological protection and high-quality development of energy and chemical industry in the Yellow River Basin, proposing to basically build an energy-saving and water-saving clean energy efficient supply base in the Yellow River Basin by 2025. The group has a total of 24 upstream, middle and lower secondary enterprises in the Yellow River Basin, such as Shengli Oilfield, Luoyang Petrochemical and Qinghai Petroleum. The plan proposes to strengthen ecological protection and governance, promote the construction of green mines and green factories; strengthen the conservation and intensive utilization of water resources, strictly implement energy efficiency and water efficiency control; strengthen high-quality exploration and benefit development of oil and gas, and promote the adjustment of refining structure and improve quality and efficiency。

In terms of strategic emerging businesses, Sinopec proposed that during the "14th Five-Year Plan" period, it will further develop wind power and photovoltaic projects along the Yellow River Basin, make full use of renewable electricity to produce hydrogen, build green electricity hydrogen production projects such as Ordos and Wulanchabu, continue to improve the supply capacity of green electricity and green hydrogen, and help the region and surrounding enterprises and provinces and cities to complete the "double carbon" goal. At the same time, we will consolidate and expand the results of poverty alleviation and help the revitalization of rural areas in the Yellow River Basin. (The Paper's reporter Yang Yang)

Editor-in-Charge: Yang Yang