A Memorandum of Understanding signed by Sinopec Capital and Johnson Matthey China signals the start of active dialogues to explore joint possibilities across green and blue hydrogen, fuel cells, decarbonisation technologies and circular economy business in China.Sinopec is the largest oil and petrochemical products supplier and the second largest oil and gas producer in China. It is also the largest refining company and the second largest chemical company in the world. Sinopec Capital is a fully owned subsidiary of Sinopec Group launched in 2018 with RMB10bn initial paid-in registered capital. The company makes strategic equity investment activities on new energy, new material, energy conservation and environmental protection, advanced manufacturing, big data and artificial intelligence to support Sinopec Group transforming from a traditional energy provider to a leading clean energy company in the world. Johnson Matthey is a global leader in sustainable technologies that enable a cleaner and healthier world. Its technologies have a global impact in areas such as low emission transport, energy, chemical processing and making the most efficient use of the planet’s natural resources. It is a world leading hydrogen technologies player, with technologies supporting the development and production of green and blue hydrogen and fuel cells. Its China business started in 1993, growing to a top 50 company in Shanghai. It has six state-of-the art manufacturing facilities, proudly delivering over 120 million auto catalysts over the last two decades. It is the leading membrane electrode assembly (MEA) producer in China, and produced the MEAs for hydrogen fuel cell shuttle buses showcased in the Beijing Winter Olympic 2022.