Peer Strategy

State Firms Lead China's Green Hydrogen Development

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  • While green hydrogen is expensive to make, prices could drop due to falling renewable energy costs and rising carbon prices.
  • China's three national oil companies (NOCs) are investing in green hydrogen as part of their decarbonization efforts.
  • Sinopec operates the world’s largest green hydrogen project; PetroChina is also making strides in the sector, but China National Offshore Oil Corp. (CNOOC) lags both.

The Issue

Topics:
Hydrogen, CO2 Emissions, Emerging Technologies, Corporate Strategy, Low-Carbon Policy, Capital Spending
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