China $91 Billion Oil Giant Sinopec Launches $694 Million (CNY 5 Billion) Hydrogen Energy Venture Capital Fund, Invests in Early-Stage Companies in Hydrogen Value Chain, Fund Managed by Sinopec Private Equity Fund Management
30th May 2025 | Hong Kong
China oil giant Sinopec (China Petroleum & Chemical Corporation, $91 billion market value) has launched a $694 million (CNY 5 billion) hydrogen energy venture capital fund, investing in early-stage companies in hydrogen value chain. The new hydrogen fund is managed by Sinopec Private Equity Fund Management. Sinopec Capital – A new round of technological and industrial revolution is reconstructing global innovation pattern and global economic structure. Energy industry is also undergoing a profound production and consumption revolution. In order to embrace such change and lead the trend in this new round of global energy and material revolution, Sinopec Group and Sinopec Corp. jointly establish Sinopec Capital Co., Ltd. in Xiong’an New District, Hebei province. The initial registered capital is 10 billion RMB. Identifying strategic investment opportunities through financial investment, Sinopec Capital aims to achieve the Group’s industrial pattern of “One Foundation of energy and resources, Two Wings of clean fuels and advanced chemicals, and Three Growth Engines in new energy, new materials and new economy” and the goal of building the leading hydrogen energy company. Furthermore, while Sinopec is looking to become the modern chemical industrial “chain commander”, and transition towards a “Oil-Gas-Hydrogen-Electricity-Service” comprehensive energy service provider, Sinopec Capital will focus on strategic new industries such as New Energy, New Material, Energy Conservation and Environmental Protection, Advanced Intelligent Manufacturing, Big Data, and Artificial Intelligence, through endowing resources towards invested companies, to assist by developing new engine of momentum for Sinopec Group in industry transition and continuous corporate development. Entrepreneurship, innovation, and value creation combine to be the corporate culture. Loyalty, unity, diligence, and responsibility are known as the corporate spirit. We aim at cultivating professional investment capability through Managing Director (MD) ranking system that used by international investment institutions worldwide, market-oriented salary system, promotion regulation and mandatory follow-up investment regulation of the senior management/investment team. In these manners, we bring employees closely together with the company for the same value-creating goal. We founded science and technology innovation fund, named as Enze Fund to support the realization of technological results and strategic arrangements of emerging industries. Industrial fund on emerging industries (Zhaoyang Fund) is about to establish, and Fund-of-Funds (Carbon Neutral FOF) is in preparation. These funds will select promising industry and technology to invest, forming a virtuous circle of finance, technology and industry, and empowering low-carbon and sustainable development. High starting global layout is paid great attention. We establish overseas investment teams in the United Kingdom, the United States and others to cover global investment market. We lay our credit and resources foundation for the company’s future development by leveraging impressive assets, strong financial strength, complete industry value chains and rich client resources from Sinopec, as well as our distinguished brand, talent, capital and technology advantages. Sinopec – China Petroleum & Chemical Corporation (hereinafter referred to as “Sinopec Corp.”) is a listed company on domestic and international stock exchanges with integrated upstream, midstream and downstream operations, strong oil & petrochemical core businesses and a complete marketing network. The Company was incorporated on 25th February, 2000 by China Petrochemical Corporation (hereinafter referred to as “Sinopec Group”) as the sole initiator, pursuant to the Company Law of the People’s Republic of China. The 16.78 billion H shares were listed in Hong Kong, New York and London Stock Exchanges on 18th and 19th October, 2000. The 2.8 billion A shares were listed in Shanghai Stock Exchange on 8th August, 2001. Sinopec Corp. is one of the largest integrated energy and chemical companies in China. Its principal operations include the exploration and production, pipeline transportation and sale of petroleum and natural gas; the production, sale, storage and transportation of refinery products, petrochemical products, coal chemical products, synthetic fibre, and other chemical products; the import and export, including an import and export agency business, of petroleum, natural gas, petroleum products, petrochemical and chemical products, and other commodities and technologies; and research, development and application of technologies and information. The Company is a large scale integrated energy and chemical company with upstream, mid-stream and downstream operations. The Company is a large-scale oil and gas producer in China; in respect of refining capacity, it ranks first in China; equipped with a well-developed refined oil products sales network, the Company is the largest supplier of refined oil products in China; and in terms of ethylene production capacity, the Company takes the first position in China, and has a well-established marketing network for chemical products. Sinopec Corp. has established a standardized structure of corporate governance and adopted a management system of centralized decision-making, delegated authorities at different levels and business operations handled by specialized business units. It has more than 100 subsidiaries and branches including wholly-owned, equity-holding and equity-sharing companies, engaging in oil and gas exploration and production, refining, chemicals, marketing, R&D and foreign trade. Business assets and principal markets are located in the east, south and middle part of China, where China’s most developed and dynamic economy lies. Sinopec Group, the largest shareholder of Sinopec Corp., is a super-large petroleum and petrochemical group incorporated by the State in 1998 based on the former China Petrochemical Corporation. Funded by the State, it is a State authorized investment arm and State-owned controlling company.
“ China $91 Billion Oil Giant Sinopec Launches $694 Million (CNY 5 Billion) Hydrogen Energy Venture Capital Fund, Invests in Early-Stage Companies in Hydrogen Value Chain, Fund Managed by Sinopec Private Equity Fund Management “
China $91 Billion Oil Giant Sinopec Launches $694 Million (CNY 5 Billion) Hydrogen Energy Venture Capital Fund, Invests in Early-Stage Companies in Hydrogen Value Chain, Fund Managed by Sinopec Private Equity Fund Management
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