On November 28, 2023, Linde and Sinopec Group Corporation (Sinopec) signed a strategic cooperation agreement in Beijing, under which the two companies will carry out in-depth cooperation in the fields of hydrogen energy, carbon capture, utilization and storage (CCUS), and green gases, in order to jointly promote the goal of carbon neutrality.
According to the agreement, Linde will provide Sinopec with hydrogen energy technologies and solutions, including hydrogen production, storage, transportation, refueling and application, and support Sinopec to carry out hydrogen energy demonstration projects in the fields of refining, transportation and power. The two companies will also cooperate in the field of CCUS, utilizing Linde's carbon capture technology and experience to provide carbon capture solutions for Sinopec's refining, chemical and natural gas projects, and to explore the possibility of carbon utilization and storage. In addition, the two companies will cooperate in the field of green gases, utilizing Linde's technologies in air separation, gasification and liquefaction to provide Sinopec with green gas products and services, such as green oxygen, nitrogen, argon, liquefied natural gas (LNG), etc., so as to reduce Sinopec's carbon emission intensity.
Mr. Li Zhenmin, President of Linde Greater China, said: "Linde is honored to enter into a strategic partnership with Sinopec, which is a continuation and upgrade of our long-term cooperation in the gases field. As one of the world's leading industrial gases and engineering companies, Linde has a wealth of technology and experience in hydrogen, CCUS, green gases, etc. We will fully support Sinopec in achieving its carbon neutral goals and vision, and contributing to China's green and low carbon transformation."
Mr. Wang Dehai, Deputy General Manager of Sinopec, said, "As one of the largest petroleum and petrochemical companies in China, Sinopec attaches great importance to carbon neutrality, and has actively responded to the national goal of carbon peaking and carbon neutrality by formulating the Carbon Peak and Carbon Neutral Action Plan to accelerate green and low-carbon development. We are pleased to establish a strategic partnership with Linde to fully utilize the technologies, resources and advantages of both companies, and jointly explore cooperation opportunities in the fields of hydrogen energy, CCUS, green gas, and other areas, so as to contribute to the promotion of energy transformation and the fight against climate change."