Market Chatter: Sinopec Establishes 5 Billion Yuan Hydrogen-Focused Venture Capital Fund

MT Newswires Live
30 May

China Petroleum & Chemical or Sinopec (SHA:600028, HKG:0386) set up a 5 billion yuan hydrogen energy-focused venture capital fund, Reuters reported Thursday.

The fund is seen to target early-stage investments, as well as the incubation of key materials and equipment, and proprietary technologies with high growth potential, the report said.

Sinopec Private Equity Fund Management manages the fund, Reuters said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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