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Signed! Green hydrogen! Author/Source: Gas Separation Date: 2020-10-12 Clicks: 14 On October 10, Sinopec Capital Co., Ltd., Enze Haihe (Tianjin) Equity Investment Fund Partnership (Enze Fund), and Cummins (China) Investment Co., Ltd. (Cummins China) signed a letter of intent in Beijing to leverage their respective strengths and resources in order to promote the development and dissemination of hydrogen production through water electrolysis, thereby advancing the growth of the green hydrogen industry. It is reported that Cummins possesses advanced capabilities in technology research and development as well as engineering. In the field of green hydrogen, it has over 25 years of technical expertise and experience in the design, manufacturing of hydrogen production systems via water electrolysis, as well as in fuel cell solutions. Its global presence in the hydrogen energy market, along with its existing business and service network, will enable it to provide advanced technical and engineering services for such collaborations. Green hydrogen is hydrogen produced by electrolyzing water using renewable energy; its key feature is zero pollution throughout the entire production chain. Increasing the proportion of green hydrogen is the future trend for the development of hydrogen fuel cell vehicles. According to the letter of intent, Sinopec Capital and Enze Fund will provide extensive market resources and funding for this cooperation, while making full use of Sinopec Group’s advantages in supply chain optimization, sales, and market networks to offer strong support for the future development of hydrogen production technologies. Shantong Fueling and Hydrogen Refueling Station in Jiashan, Jiaxing, Zhejiang ▲ It is understood that Sinopec has accelerated its efforts to develop the hydrogen energy industry in recent years, carrying out activities in various fields such as hydrogen refueling stations, hydrogen production technologies, hydrogen fuel cells, and hydrogen storage materials. Sinopec’s hydrogen production in 2019 exceeded 3 million tons, accounting for about 14% of the country’s total hydrogen production ； Several oil-hydrogen co-location demonstration stations have been built and put into operation in Guangdong, Zhejiang, Shanghai, and other places. As a strategic partner of the 2022 Beijing Winter Olympics, Sinopec has also collaborated with the Beijing Organizing Committee for the Games on hydrogen supply. Huang Wensheng, chairman of Sinopec Capital, said, “Hydrogen is an important clean energy source for the future, possessing high strategic significance and broad development prospects. We hope that all parties will strengthen cooperation to achieve mutual benefit and win-win results.” ” Nathan Stoner, vice president at Cummins, said, “We look forward to working together with Sinopec to create more opportunities in the hydrogen production sector, to meet the needs of various application scenarios, and to further invest in and drive advancements in hydrogen production technology.” ” Regarding Sinopec Capital and Enze Fund, Sinopec Capital was established in 2018; it is a subsidiary of Sinopec Group, with an initial registered capital of 10 billion RMB. Through financial investments, the company identifies strategic investment opportunities. Focusing on Sinopec’s core business, it develops strategic emerging industries such as new materials, new energy, energy conservation and environmental protection, high-end intelligent manufacturing, artificial intelligence, and big data. This approach facilitates the transformation of scientific and technological achievements, helps Sinopec achieve transformation and upgrading as well as sustainable development, and creates new drivers and engines for growth. The Enze Fund is a flagship platform established by Sinopec Capital to support Sinopec’s strategic expansion into emerging markets, with a focus on the hydrogen energy sector; the first phase of this fund has a size of 2 billion RMB. The main limited partner of the fund is Sinopec Capital; other limited partners include the Manufacturing Transformation and Upgrading Fund, Tianjin Haihe Industry Fund, and Foshan Nanhai Financial High-Tech Zone Investment Holding Co., Ltd. About Cummins: Cummins is a global leader in diesel, natural gas, and battery technologies, and it is also rapidly developing its capabilities in fuel cell and hydrogen production technologies. Cummins’ fuel cell and hydrogen production technologies power a variety of applications, including buses, trailers, trucks, garbage trucks, and rail transportation. Over the past few years, the company has invested in various projects related to fuel cells as well as hydrogen production and storage technologies. This includes the acquisition of Canadian company Hydrogenics in September 2019, which enhanced Cummins’ capabilities in proton exchange membrane, alkaline water electrolysis, and fuel cell technologies. In addition, Cummins has also invested in LOOP Energy, signed an agreement with NPROXX to establish a joint venture, and invested in the development of solid oxide fuel cells.