Upstream
Summary
China has unveiled a masterplan to develop the country’s emerging hydrogen industry as a follow-on from last year’s landmark decision to set peak carbon emissions and carbon neutrality targets, despite different initiatives having been rolled out by local governments, organisations or business entities.
The country’s National Development & Reform Commission (NDRC) announced on Wednesday that the country will build up an entire supply chain for the hydrogen industry, with production ranging from refining by-products to green hydrogen.
A massive expansion is planned in particular for green hydrogen, which is produced with renewable energy.
The new masterplan also covers supply chain and infrastructure investment for hydrogen industries, with diverse new applications of hydrogen expected to emerge by 2025.
China is targeting hydrogen production capacity of between 100,000 and 200,000 tonnes per annum by 2025 and wants to see 50,000 fuel cell vehicles on Chinese roads by then, the NDRC stated.
Based on local conditions, authorities will also develop infrastructures for distributed fuel cell applications and combined heat and power supply systems.
In tandem, China will establish a market mechanism for renewable energy-based hydrogen development, and explore ways to allow hydrogen to trade in the electricity market.
Continue Reading
#MRCNews
#CHP#News#China#Hydrogen