EPD and Sinopec Sign MoU on Hong Kong hydrogen energy development and application

Challenges and Opportunities

Hydrogen’s broad future applications will consolidate Hong Kong’s hub status in shipping, aviation, and logistics.
Attract talent/capital to Hong Kong, incentivizing green finance development, promoting new energy company listings to enhance Hong Kong’s financing appeal.
Serve as a new energy technology demonstration hub for large-scale application, R&D, and integration into industrial chains, catalyzing new quality productive forces.
Generate high-quality jobs, boosting Hong Kong’s professional services and empowering new energy firms’ global expansion.
Jointly build the world’s largest pilot testing/ application base with GBA cities, establish new energy standards leadership, leverage Hong Kong’s internationally aligned regulations as a foundation for overseas deployment.
Advance hydrogen energy adoption to achieve emission reduction goals and build a green carbon-neutral city.
Hydrogen remains early-stage; requires government-industry-academia collaboration to drive industrial upgrading, aligning with Hong Kong’s innovation-tech direction.
Hydrogen production costs exceed other energy sources, necessitating scaled deployment and tech breakthroughs for cost-efficiency gains. • Critical safety and transportation efficiency breakthroughs for hydrogen remain unrealized

Propose policy initiatives to the government, conduct feasibility studies, and implement pilot programs.
Launch non-profit demonstration projects to advance public understanding of hydrogen technology, incentivizing greater government investment in the hydrogen industry.
Establish Hong Kong as a hydrogen application hub through hydrogen refueling infrastructure, zero-carbon transportation, and emission reduction at construction sites.
Integrate the "Super value-adder" concept to leverage Hong Kong’s demonstration effect, empowering enterprises to expand overseas markets, achieve value-added growth, and facilitate demonstration projects.

Successfully catalyzed Sinopec's ~HK$100 million investment in building a solarpowered hydrogen production facility in Tuen Mun, featuring over 8,600 solar panels with annual photovoltaic output of ~6.1 million kWh, producing 99.1 tons of green hydrogen yearly while reducing CO2 emissions by 356+ tons.
Accelerate adoption of hydrogen vehicles to achieve genuine zero emissions and significantly reduce roadside air pollution.
Attract new energy enterprises to list in Hong Kong and expand their global operations.
Develop a new energy industry cluster, leveraging Hong Kong's academic and research strengths to attract talent and capital to the city.
Establish Hong Kong as a new energy technology demonstration hub and a global standard-setter for the industry.