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China Market Insider Sinopec Aims to Become World's Largest Hydrogen Supplier

Author / Editor: Henrik Bork* / Ahlam Rais

China's energy sector and the country's petrochemical industry are preparing for a future with less fossil fuel. The ‘development of non-fossil energy’ should be a priority from now on, according to a recently published white paper by the Chinese Government, the main points of which PROCESS (China) summarizes in an analysis.

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PROCESS regularly reports on the Chinese chemical and pharmaceutical market with its ‘China Market Insider’ format.
PROCESS regularly reports on the Chinese chemical and pharmaceutical market with its ‘China Market Insider’ format.
(Source: ©sezerozger - stock.adobe.com)

Beijing/China – White papers are important propaganda publications of the Chinese Communist state and party leadership. They are full of statements of intent and should be read with caution. However, national and provincial governments often follow the goals defined in these white papers with concrete policy measures.

The latest white paper, titled ‘Energy in China's New Era,’ released on December 21 by the State Council, the highest body of the Chinese Government, therefore provides important insights into the future course of China's energy transformation and the framework for its petrochemical energy in the aftermath of the global Covid-19 crisis.