**Green Hydrogen Production**: Sinopec's green hydrogen plant in Tianshan, Xinjiang, uses a 300 MW photovoltaic power station, producing 20,000 tons of green hydrogen annually, with an annual green electricity generation of 600 million kWh, reducing costs by up to 64%. **Economic and Market Challenges**: High electricity costs and insufficient downstream demand (e.g., hydrogen demand from Tahe Refining) hinder profitability; policies and market development are crucial for economic viability. **Global Hydrogen Industry Context**: China leads in deployment and application, with planned large green hydrogen projects and reduced production costs, but profitability remains challenging; global policies (EU financing instruments, U.S. subsidies) aim to foster hydrogen infrastructure growth.

China’s biggest oil refiner’s net profit climbs 38% to $2.5 billion in the third quarter from a year earlier

China International United Petroleum & Chemicals seeks arbitration against Venture Global over what it claims is a breach of contract for postponing delivery of shipments

The company’s push could serve as a catalyst for fast-tracking the exploration and use of the renewable energy, experts say

Green hydrogen, made by splitting water molecules using renewable power, is seen as vital for decarbonizing heavy industries, like steel and chemicals

Sinopec agrees to take 5% stake in North Field East project that’s set to start shipping gas in 2026

Sinopec, PetroChina and CNOOC are expecting a turnaround in the economy and government stimulus to bolster crude demand

China Life and PetroChina announced plans to de-list their U.S. shares amid an ongoing spat over audits and rising tensions between Beijing and Washington

In a quick succession of disclosures, China Life, PetroChina and Sinopec each announce their intentions to leave American exchanges

China relaxes quarantine requirements for inbound travelers. The country will ban over 1 million “fake” foreign stock investors

The system has at times suffered from opaque pricing, obstacles to interregional trading, and confusion about the corresponding mechanism for obtaining carbon credits

China summons Sinopec after two fatal accidents, and electric car exports more than double — mostly to Europe

Beijing relaxes Covid rules for most of the city’s districts. Amazon pulls its Kindle e-reader out of the country

Oil industry veteran Zhao Dong brings financial and overseas business skills to the position

China National Petroleum aims to shift half of output to hydrogen, geothermal and clean power by 2050 and expand efforts to cut methane emissions

China’s biggest oil refiner reported its net income in the first-quarter grew 24% to $3.6 billion

China Petroleum & Chemical Corp. says it will increase capital expenditure 18%, and redouble efforts in exploration, especially in shale oil and gas

Lithium prices are expected to continue rising after tripling in 2021; China becomes the world’s largest LNG importer; Shanghai Electric Power warns of loss on high coal costs

Spot price of battery-grade lithium carbonate hits a record; world’s largest pumped hydro station starts operation; silicon wafer prices fall