Sinopec aims for carbon neutrality by 2025, with pivot to hydrogen

© Reuters. FILE PHOTO: Smoke rises from chimneys at a Sinopec refinery in Qingdao, Shangdong province

SINGAPORE (Reuters) – China’s Sinopec Corp, Asia’s largest oil refiner, said on Monday that it aims to be carbon neutral by 2050 with hydrogen as one core area for a low-carbon push.

As the country’s largest hydrogen producer, Sinopec will focus on fossil fuel-based hydrogen production in next five years and meantime also start introducing “green” hydrogen using solar and wind power, Chairman Zhang Yuzhuo told an earnings call.

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