Sinopec Capital Invests 300 Million Yuan in Faurecia Hydrogen Energy
Sinopec Capital has invested 300 million yuan (approximately €40 million) in Faurecia (Shanghai) Hydrogen Energy Investment Co., Ltd. through its hydrogen energy fund. This investment aims to develop the hydrogen energy industry chain and establish a strategic partnership to promote cooperation and growth within the sector, contributing to the global hydrogen energy industry's advancement.
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On January 8th, Sinopec Capital, through Sinopec Private Equity Management Co., Ltd.'s hydrogen energy fund, invested RMB 300 million (approximately €40 million) in Faurecia (Shanghai) Hydrogen Energy Investment Co., Ltd. The agreement aims to foster a strategic partnership to develop the hydrogen energy industry chain and establish a mutually beneficial industrial ecosystem. This investment marks a significant step for Sinopec Capital in enhancing its presence in the hydrogen energy sector and aims to facilitate further business cooperation at the group level, promoting win-win outcomes and contributing to the global hydrogen energy industry's development.
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