The Xinjiang Kuqa Green hydrogen demonstration project, which is currently the largest green hydrogen project under construction in the world, will produce hydrogen by the end of the year, CCTV reported. The project will all use renewable energy sources such as photovoltaic and wind power to generate hydrogen, with a scale of 20,000 tons per year.
Green hydrogen refers to the hydrogen obtained by using renewable energy to decompose water, because only water is produced during combustion, which achieves zero carbon dioxide emissions from the source. Green hydrogen is also considered to be an important part of clean energy. The hydrogen produced can be used in construction, electric power, industry, transportation and other fields.
It is reported that in November 2021, the China Petroleum & Chemical Corp Xinjiang Kuqa Green hydrogen demonstration Project was built, which uses photovoltaic power generation to produce hydrogen directly, with a total investment of nearly 3 billion yuan. It will build a photovoltaic power station with an installed capacity of 300MW and an average annual generating capacity of 618 million kWh, and an electrolytic water hydrogen production plant with an annual production capacity of 20,000 tons, which is expected to be completed and put into operation in June 2023.
According to CCTV, Xinjiang Kuqa Green hydrogen demonstration ProjectIn the process of hydrogen production, green electric energy is transported to the hydrogen production workshop, and hydrogen is obtained by alkaline water electrolysis, and all the hydrogen produced will be transported from the pipeline to Tahe Refining and Chemical Company near the project for oil refining plant production, instead of the original natural gas to produce hydrogen, the annual carbon dioxide emission reduction is about 500000 tons.
In addition, according to Ling Yiqun, deputy general manager of China Petroleum & Chemical Group, in the future, the entire petrochemical industry will turn green hydrogen through green electricity and be replaced by green hydrogen, and the future industrial scale will be at least 100 billion.
Intensive introduction of industrial policies
With the development of technology, hydrogen energy industry is becoming an important starting point of the national "double carbon" strategy. In March this year, the National Development and Reform Commission and the National Energy Administration jointly issued the medium-and long-term Plan for the Development of hydrogen Energy Industry (2021-2035).It is clearly pointed out that by 2025, the hydrogen production capacity of renewable energy will reach 10-200000 tons per year, which will become an important part of the new hydrogen energy consumption.
On August 1, the Ministry of Industry and Information Technology and other three departments issued to promote the development of the whole chain for hydrogen energy storage, transportation and marketing, and encourage qualified places.A series of policies such as the use of renewable energy to produce hydrogen. Green hydrogen industry has become an important starting point of the national "double carbon" strategy.
In addition to the national level, local governments have also issued documents to encourage the development of hydrogen energy.Shanghai proposes that by 2025, about 70 hydrogenation stations will be built, 5-10 unicorn enterprises with international influence will be cultivated, 3-5 world-class innovative R & D platforms will be built, the number of fuel cell vehicles will exceed 10, 000, and the industrial scale of the hydrogen industry chain will exceed 100 billion yuan, driving the reduction of carbon dioxide emissions by 50, 000 to 100000 tons per year in the field of transportation.
Beijing has even introduced subsidy policies on a large scale, according to the "several policies and measures of Beijing on supporting the Development of hydrogen Energy Industry (draft for soliciting opinions)", encourage the pilot construction of advanced hydrogen production, storage and transportation, and hydrogenation facilities, promote the hydrogen energy industry from innovation to maturity as soon as possible, and test and verify the actual working conditions, environment and scenarios of small batches of new technology and new products. According to the capital subsidy of no more than 30% of the test investment and no more than 10 million yuan for a single project. The application of new technologies and new products in the list of key products of foundation construction projects to new infrastructure projects shall be subsidized according to the capital subsidy of no more than 30% of the project investment and no more than 30 million yuan for a single project.
With the support of policies, the development of the industry has been accelerated. According to the statistics of Guojun Securities, the large-scale domestic hydrogen production projects since 2021 include the "National Comprehensive demonstration Project of hydrogen production by Solar Energy electrolysis of Water" in Ningxia and the "technological Innovation demonstration Project of hydrogen production by Hydrolysis in Pengzhou of Huaneng" in Sichuan.
Foreign giants have joined the game one after another.
Outside the policy tuyere, from a global point of view, the green hydrogen market has great potential. According to Goldman Sachs Group's prediction, the potential total market (TAM) of green hydrogen power generation alone is likely to double by 2030, from 125 billion at present to 250 billion US dollars at the end of this century, and may reach 1 trillion US dollars by 2050.
The huge market size has prompted the international energy giants to enter the bureau one after another. In June, French oil giant TotalEnergies SE Energy announced that it would buy a 25 per cent stake in India's Adani New Industries, which is preparing to spend $50 billion to build "the world's largest green hydrogen ecosystem".
Subsequently, BP P.L.C. giant BP announced the acquisition of a 40.5% stake in Australia's $36 billion green hydrogen energy project, the Asian Renewable Energy Center. In addition, giants such as Chevron Corp New Energy Company and Shell have plans to invest in Green hydrogen projects.
Related concept stocks:
Baofeng Energy:Invest 1 billion yuan to set up a wholly owned hydrogen energy subsidiary; the companyNational solar energy electrolysis hydrogen production energy storage and application demonstration project 30 electrolytic water hydrogen production equipment have been put into operation, using a single high-efficiency alkaline electrolytic cell with a production capacity of 1000 square meters per hour.The company's performance reached a record high in the first half of the year, with revenue of 14.395 billion yuan, an increase of 37.53% over the same period last year, and a net profit of 4.015 billion yuan, an increase of 7.53% over the same period last year.
Yi Huatong:The company specializes in hydrogen fuel cell engine system research and development and industrialization of high-tech enterprises, with independent core intellectual property rights, and realized the mass production of hydrogen fuel cell engine system.
Snowman sharesTwo businesses have been arranged in the hydrogen energy and fuel cell industry chain, one is the equipment related to the construction and operation of hydrogen production and hydrogen filling stations, and the other is the integration of hydrogen fuel cell engine system, including fuel cell stack, fuel cell air compressor and hydrogen circulating pump.
Dongyue Group:Shandong Dongyue Future hydrogen Energy Materials Co., Ltd., a non-wholly-owned subsidiary of the Group.At present, it is the only enterprise in China that has the technology and industrial foundation of the whole industry chain of intermediate-monomer-resin-proton exchange membrane.。
Houpu shares:The company's main business covers the research and development, production and integration of hydrogen filling equipment.
Longji Green Energy:Longji hydrogen Energy, a new subsidiary, actively arranges and cultivates the photovoltaic hydrogen production business.
Sunlight power supply:The company began its layout in the field of hydrogen energy in 2019, and established Sunshine hydrogen Energy Technology Co., Ltd. in 2021, and released a high-power hydrogen production cell in the same year.