Deals Counterparts

Shuangliang Eco-Energy Systems to Supply Electrolyzers for Sinopec Green Hydrogen Project

Supply Agreement Green Hydrogen announced Erdos, China Mar 26, 2024
450 MW
Capacity
development
Stage
Inner Mongolia Erdos Wind-Solar Green Hydrogen Project
Project

Shuangliang Eco-Energy Systems will supply electrolyzers for Sinopec's green hydrogen project in Xinjiang. The project aims to produce green hydrogen using renewable energy.

Source Intelligence

KEY DETAILS

The project is estimated to reduce carbon emission by 1.43 million tons annually, contributing 600 million yuan ( USD 87.17 million ) in GDP and 30 million yuan ( USD 4.36 million ) of tax. "The Project is of great significance to guaranteeing China's energy security, building new energy systems and advancing green energy and low-carbon development in Inner Mongolia, leading towards a new, high-quality development roadmap that prioritizes ecological conservation and green development," said Ma Yongsheng , Chairman of Sinopec .

Deal Size
With a 5.7-billion-yuan ( USD 828.04 million ) investment
Capacity
The installed power-generating capacity of wind and PV power will reach 450 megawatts and 270 megawatts respectively
Location
its first hydrogen demonstration project in the Inner Mongolia Autonomous Region, the Inner Mongolia Erdos Wind-Solar Green Hydrogen Project
Financials
With a 5.7-billion-yuan ( USD 828.04 million ) investment
Announcement
Feb. 21, 2023
PARTIES MENTIONED IN SOURCE
C
China Petroleum & Chemical Corporation developer

"China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") held launching ceremonies of its first hydrogen demonstration project in the Inner Mongolia Autonomous Region, the Inner Mongolia Erdos Wind-Solar Green Hydrogen Project (the "Project")"

S
Sinopec developer

"A milestone in Sinopec's hydrogen development roadmap following its green hydrogen pilot project in Kuqa Xinjiang in 2021"

high quality Enriched Feb 19, 2026

Timeline

Announced
Mar 26, 2024
Signed
Closed

Market Context

This deal is part of the Green Hydrogen sector in China.
20
Green Hydrogen deals
26
deals in China
1 of 20 Green Hydrogen deals tracked this month · Updated daily

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