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

FILE PHOTO: A man stands next to a logo of Sinopec, or China Petroleum and Chemical Corporation, at an expo on rubber technology in Shanghai, China September 19, 2018. REUTERS/Stringer

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.

Reporting by Chen Aizhu; Editing by Christian Schmollinger