8 January, Sinopec Capital invested 300 million yuan (about 40 million euros) in Faurecia (Shanghai) Hydrogen Energy Investment Co., Ltd. (Hereinafter referred to as "Faurecia Hydrogen Energy") by relying on the Hydrogen Energy Fund managed by Sinopec Private Equity Fund Management Co., Ltd., and formally completed the contract. Starting from this strategic cooperation, the two sides will work together to cultivate the whole hydrogen energy industry chain, build a mutually beneficial and win-win industrial ecology, and inject new momentum into the high-quality development of the hydrogen energy industry.
Faurecia Hydrogen Energy is a wholly-owned subsidiary of Freya Group, the world's seventh largest automotive parts supplier headquartered in France, and is also the main hydrogen energy business operator set up by Freya Group in China. As the world's leading hydrogen energy solutions provider, Faurecia Hydrogen Energy provides hydrogen storage solutions for all road traffic areas (forklifts, buses, trucks, light commercial vehicles and sport utility vehicles) and off-board applications (fixed hydrogen storage and containerized hydrogen storage for energy distribution). Faurecia Hydrogen Energy has obtained the production qualification and product type certification of the first Type IV hydrogen storage bottle in China, and its large-capacity Type IV hydrogen storage bottle is steadily promoting localization, and has independently developed the largest 70 MPa high-pressure Type IV hydrogen storage bottle in China, further consolidating its leading position in the field of hydrogen storage safety and technological innovation.
Sinopec has anchored the core track of the whole hydrogen energy industry chain since 2020, aiming at building "China's First Hydrogen Energy Company", and has joined hands with global partners to continuously expand the scale of hydrogen energy demonstration and application in the industrial field, actively promote the layout of hydrogenation infrastructure, focus on reducing the cost of hydrogen energy storage and transportation, and continuously promote key core technologies. Jointly build a mutually beneficial and win-win hydrogen energy industry ecosystem. Sinopec Capital, as an investment platform for Sinopec's industry, focuses on the layout of Sinopec's industry. Focusing on the hydrogen energy industry chain, Sinopec Capital has invested in 13 enterprises covering hydrogen production technology, hydrogen fuel cells, hydrogen energy equipment manufacturing, proton exchange membranes, hydrogen station construction and other sub-areas, constantly fostering new momentum for Sinopec's transformation, upgrading and sustainable development. Hydrogen Energy Fund is the largest fund focusing on investment in the hydrogen energy industry chain in China, which will carry out forward-looking layout and incubation of key materials, core equipment and original technologies with great development potential in the whole industry chain of hydrogen energy "production, storage, application and research". This strategic investment in Faurecia Hydrogen Energy is the first industrial project officially landed by the Hydrogen Energy Fund. The achievement of this
strategic cooperation is an important measure for Sinopec capital to deepen the layout of the whole hydrogen energy industry chain. In the future, the two sides will take this investment as a starting point to further promote in-depth business cooperation at the group level, achieve win-win interaction between the two sides at multiple levels, and contribute to the high-quality development of the global hydrogen energy industry.
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