Chinese energy giant Sinopec has unveiled a RMB5bn ($690m) hydrogen-focused venture capital fund, marking the largest such vehicle dedicated to the sector in China to date, according to a report by Reuters.
Announced on Thursday, the fund will target early-stage investments across the hydrogen value chain, with a focus on next-generation materials, critical equipment, and proprietary technologies with strong growth trajectories. The initiative underscores Sinopec’s strategic push to accelerate innovation and scale in the hydrogen economy.
The fund will be managed by Sinopec Private Equity Fund Management, a wholly owned subsidiary of Sinopec Capital Strategic external partners include Shandong New Growth Drivers Fund Management and Yantai Guofeng Investment Holding Group.
In parallel with its investment activity, Sinopec has taken equity stakes in 13 companies operating across the hydrogen ecosystem and has developed significant infrastructure, including 11 hydrogen supply centres for fuel cell applications and 144 hydrogen refuelling stations nationwide.
