Sinopec Capital plans to raise ¥1.99 billion ($273 million) from its parent company to invest ¥2.235 billion in clean energy and emerging industries in 2025. This includes funding for a hydrogen energy fund, along with investments in electric vehicles and batteries. Sinopec projects significant growth in hydrogen demand, estimating annual consumption to exceed 340 million tonnes by 2060, as outlined in its latest energy outlook.
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