Sinopec faces financial problems related to green hydrogen

China’s Sinopec appears to be staying on track with its green hydrogen ambitions – despite concerns over an internal revamp of one of its green hydrogen facilities – but a top company researcher says green hydrogen cost challenges are proving greater than expected . The state-owned refinery’s goal is “to become China’s leading hydrogen energy company,” aiming for 100% of the hydrogen used by its refineries to be either blue hydrogen produced from natural gas and carbon capture and storage (CCS) or green hydrogen produced with renewable energy.