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Binhai Investment Co ( (HK:2886) ) has issued an announcement.
Binhai Investment’s Tianjin subsidiary has signed a five-year Green Hydrogen Supply Framework Agreement with Sinopec Star New Energy, a wholly owned unit of China Petroleum & Chemical Corporation. The partnership centers on supplying and integrating green hydrogen into city gas networks, starting with Tianjin and leveraging Sinopec’s large-scale Ulanqab green hydrogen project and dedicated hydrogen pipeline.
The companies aim to use Tianjin as a pilot city for hydrogen blending in municipal gas pipelines from 2026 to 2028, conducting full-process tests at different blending ratios to develop technical standards and operational protocols. They also plan to expand hydrogen applications into power generation, metallurgy, transportation and refuelling infrastructure, positioning both parties to shape a scalable “green hydrogen + natural gas” commercial model across the Beijing-Tianjin-Hebei region and support China’s broader energy transition.
More about Binhai Investment Co
Binhai Investment Company Limited is a Bermuda-incorporated utility group listed in Hong Kong that operates city gas pipeline networks, primarily serving the Tianjin region. The company focuses on natural gas transmission and distribution, and increasingly on integrating cleaner energy solutions in collaboration with major state-backed energy players to support China’s low-carbon transition.
Average Trading Volume: 388,718
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.47B
Learn more about 2886 stock on TipRanks’ Stock Analysis page.