Hydrogen Fuel Cell Automotive Network & "Hydrogen Energy Equipment" Recently, an investor asked Petrochemical Machinery (000852) a question on the stock market interactive platform, Hello! Sinopec plans to build 1,000 hydrogenation stations or oil-hydrogen combined stations by 2025. Are there any changes in the group company currently? How many hydrogen refueling stations has Sinopec built by the end of 2022? Hydrogen production and refueling equipment is a "shovel seller" in the hydrogen energy industry. The company must break through bottlenecks and produce advanced products. I believe that in 2023, the company's hydrogen energy equipment will make a leap in production quantity and quality.
The Secretary of the Board of Directors of Petrochemical Machinery responded that Sinopec will build a minimum of 600 hydrogenation stations by 2025, and strive to build a 1,000 hydrogenation station network with a total refueling capacity of 120,000 tons/year. As of the end of 2022, Sinopec has built 98 hydrogenation stations across the country. The company will seize development opportunities and accelerate the creation of new profit growth points.
In addition, Petrochemical Machinery also stated that the company will enter the Saudi market in 2022 and has been deeply involved in it for many years. At present, with the successful convening of the China-Arab Summit and the good opportunity of the signing of a cooperation memorandum between Sinopec Group Company and Saudi Aramco, the company will continue to increase resource allocation in Saudi Arabia and continuously increase market size and share.
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