China Petroleum and Chemical Corporation (Sinopec) has established China's largest venture capital fund dedicated to hydrogen energy, totaling CNY5 billion. The fund, managed by Sinopec Private Equity Fund Management, aims to invest in the entire hydrogen energy industrial chain from production to applications, with a focus on nurturing key materials, core equipment, and cutting-edge technologies with high growth potential. Partnered with Shandong provincial government entities, the fund has already set up a post-investment mechanism to foster collaboration between Sinopec and invested companies and provide platforms for technology and product applications. Sinopec's ambition to become China's leading hydrogen energy company is evident in its development of 11 hydrogen supply centers for fuel cells and 144 hydrogen refueling stations, making it the world's largest operator in this sector. Moreover, Sinopec has made strategic investments in various segments of the Chinese hydrogen energy industry chain, such as hydrogen storage and transportation equipment and fuel cell technology. Not limited to hydrogen, the company has expanded its investments into other new energy fields, as seen in its recent collaboration with Contemporary Amperex Technology for establishing electric vehicle battery swap stations.