China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

Thursday, May 29, 2025

China’s state oil and gas major Sinopec has established a venture capital fund focused on hydrogen energy, with an initial size of 5 billion yuan ($690 million), the company said in a statement on Thursday.

The fund, the largest in China dedicated to investment across the hydrogen value chain, will target early-stage investments and incubation of key materials, core equipment and proprietary technologies with high growth potential.

The fund is managed by Sinopec Private Equity Fund Management Co, a wholly owned subsidiary of Sinopec Capital Co. External partners include Shandong New Growth Drivers Fund Management Co and Yantai Guofeng Investment Holding Group Co.

Sinopec has also taken equity stakes in 13 companies involved in the hydrogen energy industry chain and has built 11 hydrogen supply centers for fuel cells and 144 hydrogen refueling stations across China.


(Reuters - Reporting by Sam Li and Colleen Howe; Editing by Shri Navaratnam and Muralikumar Anantharaman)

Categories: Industry News Activity Asia Hydrogen Oil and Gas

Related Stories

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Petrovietnam, Partners Sign PSC for Block Off Vietnam

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Current News

Inpex Starts FEED Work for Abadi LNG Scheme Offshore Indonesia

ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

Sapura Energy Rebrands to Vantris Energy

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com