Top 5 Green Hydrogen Companies In The World

In this article, we shall discuss the top 5 green hydrogen companies in the world. To read our detailed analysis of the green hydrogen sector in 2022, go directly and see Top 10 Green Hydrogen Companies in the World.

5. Sinopec (SSE:600028)

Total Market Cap (As of November 22): $67.93B

Based in the Chaoyang District of Beijing, Sinopec (SSE:600028) is a Chinese state-owned oil and gas enterprise which is parented by Sinopec Group, one of the largest oil refining, gas and petrochemical conglomerates in the world. Sinopec (SSE:600028) specializes in oil and gas exploration, refining, and marketing; production and sales of petrochemicals and other chemical products; and production of ethanol, biodiesel, green jet fuel, and green hydrogen. In the third quarter of 2022, the company generated a mammoth revenue of $117.3 billion. With more than 385,600 employees nationwide, Sinopec (SSE:600028) is one of the top green hydrogen companies in the world, leading China’s decarbonization effort.

In November 2021, the company diversified from its predominantly oil and gas business to green hydrogen, constructing a green hydrogen plant in Kuqa city. The plant provides more than 20,000 metric tonnes of green hydrogen annually to commercial and industrial customers. The plant is set to operate at full capacity by 2023. Sinopec (SSE:600028) has also finalized plans to initiate another green hydrogen plant in the northwestern province of China, with solar panels covering an area of over 630 hectares. The company claims that the project would cover the entire process of green hydrogen production and utilization, primarily via solar power generation, transformation, electrolytic production, storage, and transportation.