Sinopec in 5b yuan push into hydrogen energy ecosystem

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Bailey McCann, Opalesque New York: Chinese state-owned energy company Sinopec has launched a new venture capital fund focused on the development of hydrogen energy. The company says that the fund 's initial 5 billion yuan ($690 million) makes it the largest fund of its type in China. According to a... Article link

Chinese energy superpower Sinopec forms $690m hydrogen energy-focused fund

Sinopec, a state oil and gas enterprise in China, has created a new venture capital fund focused on hydrogen energy. As reported by Reuters, the fund has initiated with an initial size of 5 billion yuan ($690m), according to a statement by the company.  The fund – the largest in China that is solely focused […] The post Chinese energy superpower Sinopec forms $690m hydrogen energy-focused fund appeared first on AltAssets Private Equity News.

Sinopec in 5b yuan push into hydrogen energy ecosystem

China’s state oil and gas major Sinopec has established a venture capital fund focused on hydrogen energy, with an initial size of five billion yuan, the company said in a statement on Thursday. The fund, the largest in China dedicated to investment across the hydrogen value chain, will target early-stage investments and incubation of key materials, core equipment and proprietary technologies with high growth potential. The fund is managed by Si…