A MoU signed by Sinopec Capital and Johnson Matthey China signals the start of active dialogues to explore joint possibilities across green and blue H₂, fuel cells, decarbonization technologies and circular economy business in China.

Sinopec is the largest oil and petrochemical products supplier and the second largest oil and gas producer in China. It is also the largest refining company and the second largest chemical company in the world. Sinopec Capital is a fully owned subsidiary of Sinopec Group launched in 2018 with RMB10bn initial paid-in registered capital. The company makes strategic equity investment activities on new energy, new material, energy conservation and environmental protection, advanced manufacturing, big data and artificial intelligence to support Sinopec Group transforming from a traditional energy provider to a leading clean energy company in the world.

Johnson Matthey is a global leader in sustainable technologies that enable a cleaner and healthier world. Its technologies have a global impact in areas such as low emission transport, energy, chemical processing and making the most efficient use of the planet’s natural resources. It is a world leading H₂ technologies player, with technologies supporting the development and production of green and blue H₂ and fuel cells. Its China business started in 1993, growing to a top 50 company in Shanghai. It has six state-of-the art manufacturing facilities, proudly delivering over 120 MM auto catalysts over the last two decades. It is the leading membrane electrode assembly (MEA) producer in China and produced the MEAs for H₂ fuel cell shuttle buses showcased in the Beijing Winter Olympic 2022.

Mr. ZHOU Meiyun, Deputy Chairman and General Manager of Sinopec Capital said, “Sinopec has made its long-term development strategic goal and dedicated to becoming a number one hydrogen company in China and a leading clean energy company in the world. Sinopec is committed to develop and use various carbon reduction technologies including energy conservation and reduction, green energy replacement, and CCUS technologies and makes full efforts to reach the carbon neutralization target before 2060. We wish to have a deep collaboration with Johnson Matthey in carbon reduction and green energy fields to fully support achieving China’s national strategic goal of 30/60 carbon peak/carbon neutralization.” 

Dr. Mark Su, Johnson Matthey’s China President said, “Johnson Matthey has a long heritage in China.  We are China’s leading auto catalyst producer, one of the largest platinum group metals refiners, a leading player across syngas and hydrogen fuel cells, and the first commercial scale MEA producer in China. Some of the world’s biggest companies already rely on our technologies, and we are very excited to explore how we can work with Sinopec to expand our businesses whilst creating and scaling the low carbon solutions that help China achieve carbon neutrality by 2060.”