China green hydrogen industry is booming

What 
  • Importance: Driven by both policy support and technological progress, China's green hydrogen industry is booming. At the national level, on August 8, 2023, six departments including the National Standards Committee and the National Development and Reform Commission jointly released the "Guidelines for the Construction of a Standard System for the Hydrogen Energy Industry (2023 Edition)", which is the first guideline for the construction of a standard system for the entire hydrogen energy industry chain at the national level. The "Mid- and Long-term Plan for the Development of the Hydrogen Energy Industry (2021-2035)" proposes three phased goals for the development of green hydrogen, and clearly states that by 2025, the amount of hydrogen produced from renewable energy will reach 100,000 to 200,000 tons per year. At the provincial level, each province and city has introduced relevant policies to plan green hydrogen production capacity in 2025. Hydrogen energy special planning data released by Inner Mongolia, Hebei, Jilin, Ningxia, Gansu and other provinces show that the domestic hydrogen production capacity from renewable energy will reach at least 980,000 tons/year by the end of 2025.
  • Business opportunity: From the perspective of project distribution area, green hydrogen projects are concentrated in areas with abundant scenery resources and strong policy support, such as Inner Mongolia, Jilin Province and Heilongjiang Province. Green ammonia and green alcohol are the main consumption area of green hydrogen projects. From January to November 2023, China has 27 new green hydrogen ammonia synthesis projects, with a planned investment of 188.58 billion RMB. the number of new green hydrogen methanol production projects 20, with a planned investment of 175.42 billion RMB.
    • Companies involved in hydrogen production, storage, and distribution technologies can play a crucial role in these projects. They can offer solutions for electrolysis, hydrogen purification, compression, and transportation, enabling the integration of hydrogen into the energy system.
    • Companies specializing in wind and solar energy technologies can benefit from the increased demand for renewable energy sources in these projects. They can provide equipment, technology, and expertise for the development and operation of wind and solar farms.
    • Companies engaged in ammonia and alcohol production can benefit from the Green Ammonia and Green Alcohol projects. These projects aim to produce ammonia and alcohol using renewable energy sources, reducing carbon emissions.
    • Infrastructure development companies can participate in the construction of necessary facilities, such as hydrogen production plants, ammonia and alcohol production units, storage facilities, and transportation infrastructure.
  • Concrete project plan: Harbin Shuangcheng District signed a contract with China Energy Engineering Corporation and plans to build a wind-solar hydrogen-ammonium-alcohol integration project. The total project will invest 30 billion RMB in 2024.

How 

Hydrogen is the focused areas for promotion activities in the Chinese market, and the relevant promotion work is under Pioneer the possible platform.

 

contact us

For more information contact Thomas Larsen at thomas.larsen@business-sweden.se.