- With total investment of $470.77
million, the project will produce an annual output of green
hydrogen reaching 20,000 tons when put into operation.
- With an expected reduction of carbon dioxide emissions by
approximately 485,000 tons a year.
- The project will contribute an average of $20.4 million to the local GDP and generate
$2.82 million in tax
revenue.
BEIJING, Nov. 30, 2021 /PRNewswire/ -- China Petroleum
& Chemical Corporation's (HKG: 0386, "Sinopec") hosted an
online launching ceremony on November
30 in the cities of Beijing, Urumqi and Kuqa to announce that
China's first 10,000-ton
photovoltaic green hydrogen pilot project, the Sinopec Xinjiang
Kuqa Green Hydrogen Pilot Project (the "Project"), has officially
started construction. Upon completion, the project will produce an
annual green hydrogen output of 20,000 tons, making it the world's
largest photovoltaic green hydrogen production project.
A concrete action of Sinopec's pledge to support China's "dual-carbon" goals and pursuance of
green, low-carbon development, the Project is of great significance
to promote the development of a green hydrogen industry chain as
well as economic and social development in Xinjiang Uygur
Autonomous Region, guarantee the energy security and carry forward
the transformation and upgrading of the energy industry in
China.
The Project is a hydrogen production plant that directly uses
large-scale photovoltaic power generation and with a total
investment of 3 billion yuan
($470.77 million) is mainly comprised
of five sections: photovoltaic power generation, power transmission
and transformation, hydrogen from water electrolysis, hydrogen
storage and hydrogen transport.
As part of the project, Sinopec will build a new photovoltaic
power station with an installed capacity of 300MW and annual power
generation of 618 million kilowatt-hours, an electrolyzed water
hydrogen plant with an annual capacity of 20,000 tons, a spherical
hydrogen storage tank with hydrogen storage capacity of 210,000
standard cubic meters, and hydrogen transmission pipelines with a
capacity of 28,000 standard cubic meters per hour (including
supporting power transmission and transformation facilities).
The Project is expected to be completed and put into operation
in June 2023, and the green hydrogen
produced by the plant will be supplied to Sinopec Tahe Refining
& Chemical to replace the existing natural gas and fossil
energy used in hydrogen production. The carbon dioxide emissions
are estimated to be reduced by 485,000 tons a year, and the Project
will contribute an average of US$20.4
million to the local GDP and generate US$2.82 million in tax revenue.
"Hydrogen energy is one of the sources of clean energy that has
the most potential for development. This pilot project gives full
play to Xinjiang's advantage in its wealth of resources and is a
key project for Sinopec to build a No.1 hydrogen energy company.
It's also a major strategic achievement for local-enterprise
cooperation and is of great significance to promoting social and
economic development in Xinjiang, advancing energy transformation,
ensuring China's energy security
and supporting the sustainable development of the global economy,"
said Ma Yongsheng, president of Sinopec.
The Project has four major advantages – rich in resources, green
and low-carbon, large-scale application and technological
breakthroughs. It's an all-process green hydrogen production and
application pilot project linking up wind and photovoltaic power
generation, green electrical transmission, hydrogen production with
green electricity, hydrogen storage, hydrogen transportation and
green hydrogen refining. Upon completion and full operation, the
Project will present a new development path for green hydrogen
refining and have a major effect on the large-scale application of
green hydrogen to achieve carbon emission reduction.
In the meantime, all of the major equipment machineries and core
materials used in the construction of the Project are manufactured
in China, including the
photovoltaic modules, the "heart" electrolyzer in
water-electrolytic hydrogen production, hydrogen storage tanks and
hydrogen pipelines, which is momentous for the rapid development of
China's hydrogen production
equipment industry.
Focusing on achieving "dual carbon" goals, Sinopec has taken the
lead in developing the green hydrogen industry and actively
promotes the green and low-carbon development of the petrochemical
industry. As the largest hydrogen producer in China, Sinopec is currently producing
approximately 3.9 million tons of hydrogen per year and in terms of
green hydrogen technology, Sinopec has applied its first
self-developed PEM water electrolysis hydrogen production
station.
For more information, please visit Sinopec.
Photo -
https://mma.prnewswire.com/media/1698930/Sinopec.jpg
Logo - https://mma.prnewswire.com/media/960416/SINOPEC_Logo.jpg