China's state oil and gas major, Sinopec, has announced the creation of a venture capital fund worth five billion yuan focused on hydrogen energy. This fund is considered the largest in China solely dedicated to investments in the hydrogen value chain. Managed by Sinopec Private Equity Fund Management, the fund will concentrate on early-stage investments and the development of essential materials, core equipment, and proprietary technologies with significant growth potential in the hydrogen sector. External partners like Shandong New Growth Drivers Fund Management and Yantai Guofeng Investment Holding Group are also involved in this initiative. Sinopec has not only taken equity stakes in 13 companies engaged in the hydrogen energy industry chain but has also established 11 hydrogen supply centers for fuel cells and 144 hydrogen refueling stations nationwide. This strategic move by Sinopec highlights a positive sentiment towards hydrogen energy and signifies a significant step towards promoting technological innovation and sustainable energy practices in China.