World’s largest electrolytic water hydrogen production project unveiled; chemical giant Baofeng Energy makes a splash in the hydrogen sector

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　　The \"**-level comprehensive demonstration project for solar water electrolysis to produce hydrogen\" implemented by Baofeng Energy was officially put into operation today, making it China’s first industrial enterprise to truly achieve \"carbon neutrality\" by replacing fossil fuels with renewable energy. 　　According to Wang Jirong, the person in charge of Baofeng Energy’s hydrogen project, the project incorporates electrolyzers with a capacity of 1,000 standard cubic meters per hour, as well as systems for gasification and separation and hydrogen purification; its sophistication has reached an advanced level in China. Once fully operational, the project will enable annual savings of 254,000 tons in coal consumption and a reduction of approximately 445,000 tons in carbon dioxide emissions, yielding significant social benefits. Meanwhile, the company will actively collaborate with research institutions to conduct in-depth studies on the application of solar and wind energy, as well as on the production, storage, and transportation of hydrogen, and its market-based use in various fields and scenarios. 　　Baofeng Energy is making forward-looking plans to accelerate the transformation and upgrading of the company, and has launched a development strategy aimed at replacing fossil fuels with new energy sources. By focusing on source control, the company has implemented **-level solar water electrolysis hydrogen production projects. Solar energy is used to generate green electricity, which in turn powers the electrolysis process to produce \"green hydrogen\" and \"green oxygen\". Green hydrogen replaces coal as a raw material, while green oxygen replaces coal as a fuel, both of which are used directly in chemical manufacturing processes to produce hundreds of high-quality chemical products such as polyethylene and polypropylene. This marks Baofeng Energy’s commitment to pursuing carbon neutrality across all its operations. 　　Xie Zhenhua, China’s special envoy on climate change, believes that the Baofeng model deserves encouragement and promotion. “In recent years, Baofeng has gradually shifted from fossil fuels to renewable and new energy sources by vigorously developing renewable energy, integrating it with agricultural practices, green hydrogen production, and fuel cell-powered trucks. It has also formulated long-term plans for transformation as well as for investment and financing. This time, Baofeng has taken the initiative to establish specialized research institutes and think tanks focused on carbon neutrality, creating alliances for carbon neutrality transformation based on the entire industrial chain. This approach aims to achieve carbon reduction on a broader scale and throughout the entire life cycle of products, and it represents a new path to transformation through collaborative efforts among enterprises, as well as the integration of industry, academia, research, and business. This is entirely in line with the nature of systematic changes toward carbon neutrality.” ” 　　It is reported that the **-level comprehensive demonstration project for solar-powered water electrolysis to produce hydrogen includes a 200,000-kilowatt photovoltaic power generation system and a water electrolysis unit with a production capacity of 20,000 standard cubic meters per hour; it is the largest water electrolysis hydrogen production project in terms of plant scale and individual unit capacity known worldwide. Currently, the overall cost of hydrogen production is controlled at 1.34 yuan per standard cubic meter. 　　Next, the company will allocate all its depreciation funds as well as part of its profit funds to use technological innovation to improve conversion rates and reduce production costs, thereby enabling the cost of power generation to be kept at 0.068 yuan per kilowatt-hour, and the cost of green hydrogen at 0.7 yuan per standard cubic meter. This approach aims to create the lowest possible cost structure in the industry, providing a technically and economically viable path to achieving carbon neutrality. It will serve as a model for driving low-carbon transformation within the industry and contribute to the achievement of **“carbon neutrality”**. 　　It is reported that Baofeng Energy plans to achieve a 50% reduction in carbon emissions within 10 years, and reach carbon neutrality by 2020. The company aims to be the first in its industry to achieve carbon neutrality, striving to become a world-class, technology-driven green manufacturing enterprise.