Green hydrogen enters stage of BRI
Image: high-level forum on green development at the third Belt and Road Forum for International Cooperation in Beijing on Wednesday. [CHINA DAILY]
(Beijing) Two green hydrogen project agreements were signed at the third Belt and Road Forum on Oct 17th to 18th, which marked a milestone that green hydrogen projects enter the stage of China’s BRI.
Qinghai Huanghe Hydropower Development Co., a subsidiary of State Power Investment Corporation Limited, signed an agreement with Saudi Arabia’s ACWA Power to jointly build a green hydrogen production facility in Uzbekistan with 3,000 ton output per annum, which is set to be the first green hydrogen project in Uzbekistan.
ENERGY CHINA Engineering Group Co., Ltd. (ENERGY CHINA), a Chinese state-owned power projects contractor, signed a framework agreement for its USD 6.75 bn green hydrogen plant with Egypt’s SCZone government. The plant will generate 210k ton of green hydrogen annually which will be served as feedstock to generate 1.2 mn tons of green ammonia per annum.
It seems that China will accelerate green hydrogen projects development under the framework of Belt and Road Initiative.
Chinese Vice-President Han Zheng said the country will continuously support green and low-carbon energy development in developing countries, enhance investment in green energy and foster technology cooperation.
He made the remarks at a high-level forum on green development during the third Belt and Road Forum for International Cooperation held in Beijing on Wednesday.
China will continue optimizing cooperative mechanisms and step up support for the further development of the BRI, he said, adding that the nation will encourage businesses to undertake more green and low-carbon collaborative projects.
Huang Runqiu, minister of ecology and environment, said China will focus on key areas such as green infrastructure, green energy and green finance, and conduct policy dialogues and share experiences to collectively work toward green and low-carbon development with economies participating in the BRI.
The government released three achievements at the green development forum, including the Beijing Initiative for Belt and Road Green Development, the Green Investment and Finance Project and the Action Plan for Green Technology Development in Central Asia.
The Beijing Initiative calls for strengthened cooperation in areas such as climate change mitigation, biodiversity management, pollution control, green infrastructure, green energy, green transportation and green finance, while the Green Investment and Finance Project aims to actively promote cooperation in green financing and investment.