- Sinopec Capital invested in Faurecia Hydrogen Energy through its subsidiary.
- Faurecia Hydrogen Energy focuses on hydrogen storage solutions in China.
- Sinopec Capital's Hydrogen Energy Fund is China's largest in the sector.
- This investment is the fund's first industrial project.
Investment Overview
Sinopec Capital, through its subsidiary Sinopec Private Equity Fund Management Co., Ltd., has made a strategic investment in Faurecia (Shanghai) Hydrogen Energy Investment Co., Ltd. This marks the first officially landed industrial project of Sinopec Capital's Hydrogen Energy Fund.
Faurecia Hydrogen Energy
Faurecia Hydrogen Energy is a subsidiary of Faurecia Group, the world's seventh-largest automotive parts supplier. It operates in China, focusing on hydrogen storage solutions, including Type I, III, and IV hydrogen storage cylinders and systems for road transportation and non-vehicle applications.
Sinopec's Hydrogen Energy Focus
Sinopec Capital has invested in various enterprises within the hydrogen energy sector, covering hydrogen production technology, fuel cells, equipment manufacturing, proton exchange membranes, and hydrogen station construction. The Hydrogen Energy Fund is the largest in China dedicated to the hydrogen energy industry chain.
Future Collaboration
This strategic cooperation aims to deepen Sinopec Capital's involvement in the hydrogen energy industry chain. Both companies plan to explore the entire hydrogen energy sector, building a mutually beneficial industrial ecosystem to support the high-quality development of the hydrogen energy industry.
