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Corporate Venture
capital.sinopec.com/capital

Investments

18

Portfolio Exits

3

Funds

1

About Sinopec Capital

Sinopec Capital was jointly funded and established by China Petrochemical Corporation and China Petroleum & Chemical Corporation. It focuses on the investment in strategic emerging industries such as new energy, new materials, energy conservation and environmental protection, high-end intelligent manufacturing, big data, and artificial intelligence.

Headquarters Location

22nd Floor, East Tower, World Financial Center, No. 1, East Third Ring Middle Road, Chaoyang District

Beijing, Beijing, 100026,

China

+8610-56633668

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Latest Sinopec Capital News

Cummins and Sinopec put jointly-owned hydrogen equipment factory into production

May 8, 2023

Cummins and Sinopec put jointly-owned hydrogen equipment factory into production By Anela Dokso May 8, 2023 Cummins, an Indiana-based engine manufacturer, and China Petrochemical Corporation (Sinopec) have commenced operations of their jointly-owned hydrogen equipment factory in Foshan, southern Guangdong province. The factory, Cummins Enze Guangdong Hydrogen Technology, is China’s biggest proton exchange membrane electrolyzer base, and is expected to have an annual capacity of 500 megawatts once the first phase is complete, doubling to one gigawatt when the second phase is finished. The first shipment of HyLYZER products is anticipated this year, with all parts to be sourced locally. The joint venture was created to accelerate the adoption of green hydrogen solutions in China, which is generating hydrogen from renewable energy, resulting in zero carbon emissions during production. The new facility will play a critical role in China’s ambitions to become carbon neutral by 2060 and to peak carbon emissions by 2030. The deputy secretary of the Communist Party at Sinopec Capital, Deng Qunwei, stated that the joint venture will support the implementation of sophisticated and experienced PEM electrolyzed water hydrogen production technology, advancing the production of clean hydrogen in China. While the establishment of this factory provides a critical component in China’s hydrogen energy industrial chain, the country will need to overcome numerous obstacles to achieve its goal of carbon neutrality. These include limited access to renewable energy sources, a lack of appropriate infrastructure, and the high cost of hydrogen production. The factory’s inauguration is a vital milestone in China’s green energy transition and a significant achievement for Cummins and Sinopec. The facility will significantly contribute to the development of green hydrogen in China, potentially propelling the nation’s energy infrastructure into a cleaner, sustainable future. Share This Article

Sinopec Capital Investments

18 Investments

Sinopec Capital has made 18 investments. Their latest investment was in Alison High-tech as part of their Series D on March 3, 2023.

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Sinopec Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/15/2023

Series D

Alison High-tech

Yes

1

1/20/2023

Series D

Hebei Kuntian Energy

$296M

No

2

12/26/2022

Series B

Consen Shares

Yes

1

10/31/2022

Series C

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10

6/6/2022

Series B - II

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10

Date

3/15/2023

1/20/2023

12/26/2022

10/31/2022

6/6/2022

Round

Series D

Series D

Series B

Series C

Series B - II

Company

Alison High-tech

Hebei Kuntian Energy

Consen Shares

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Amount

$296M

New?

Yes

No

Yes

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Co-Investors

Sources

1

2

1

10

10

Sinopec Capital Portfolio Exits

3 Portfolio Exits

Sinopec Capital has 3 portfolio exits. Their latest portfolio exit was LanzaTech on February 09, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/9/2023

Reverse Merger

$99M

4

6/22/2021

IPO

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$99M

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10

11/24/2020

IPO

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$99M

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10

Date

2/9/2023

6/22/2021

11/24/2020

Exit

Reverse Merger

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

4

10

10

Sinopec Capital Fund History

1 Fund History

Sinopec Capital has 1 fund, including 恩泽基金 (Enze Fund).

Closing Date

Fund

Fund Type

Status

Amount

Sources

恩泽基金 (Enze Fund)

Closing Date

Fund

恩泽基金 (Enze Fund)

Fund Type

Status

Amount

Sources

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