On March 10, Ningxia Baofeng Energy Group Co., LTD. (securities abbreviation: Baofeng Energy code: 600989) released its 2021 annual report, reporting annual revenue of 23.3 billion yuan, up 46.29% year on year. Baofeng Energy also revealed that the company plans to increase its green hydrogen production capacity by 300 million cubic meters per year from 2022, giving full play to its advantages in the integration of high-end coal-based new materials industry chain and building the world's largest green hydrogen company.

"Baofeng Energy will focus on industrial transformation and upgrading, focus on research and development of new technology of hydrogen production by electrolytic water using photovoltaic new energy, explore a new model of integrated development of new energy and modern coal chemical industry, accelerate the development process of replacing fossil energy with new energy, and strive to become the world's largest green hydrogen producer and supplier." Baofeng Energy president Liu Yuanguan said.

The strength and ambition to build the world's largest green hydrogen company

Founded in 2005, Baofeng Energy is a pioneer in China's energy track and a leader in high-end coal-based new materials. Baofeng Energy ranks 7th in "2021 China's Top 500 Petroleum and Chemical Listed Companies by Market Value". Its business includes the production and sales of high-end coal-based new materials (multiple brands of polyolefin and polyolefin modified products); Production and sales of modern coal chemical and fine chemical products; Production and sales of coking products (coke, crude benzene, coal tar); Coal mining, washing and sales.

As an energy enterprise started from coal mining, Baofeng Energy has a forward-looking vision for the strategic development of hydrogen energy. As early as 2018, Baofeng Energy started to explore the road of the integration of hydrogen energy and the company's circular economy industrial chain.

At present, Baofeng Energy has formed the world's largest production capacity of 300 million cubic meters of green hydrogen and 150 million cubic meters of green oxygen, and constantly expands the production capacity at the rate of 300 million cubic meters of green hydrogen every year. It has built a circular economy industrial cluster integrating "coal, coke, gas, methanol, olefin, polyethylene, polypropylene, fine chemical industry and new energy" in the core area of the national Ningdong Energy and Chemical Industry Base.

The superior resource endowment and policy environment in Ningxia, where the company is located, also give Baofeng Energy the confidence to "challenge" the world's largest green hydrogen company.

Benefiting from the natural endowment of drought and little rain, strong light, large temperature difference, sufficient wind power and few disasters, Ningxia is rich in power resources such as wind and solar power. At present, the per capita power generation in Ningxia ranks the first in China. The industrial electricity price is relatively low, which increases Baofeng Energy's competitiveness in green hydrogen production. Part of the green hydrogen produced by the company will be used in chemical production, which will greatly reduce the consumption of coal and carbon dioxide emissions; The other part will develop in the direction of hydrogen production and energy storage, hydrogen storage and transportation, and hydrogenation station construction, so as to realize the integrated development of the whole hydrogen energy industry chain.

In terms of policies, the 14th Five-Year Plan on Climate Change of Ningxia Hui Autonomous Region issued in January this year points out that the development of hydrogen energy will be accelerated by relying on the national demonstration zone of modern coal chemical industry in Ningdong Energy and Chemical Industry Base and the chlor-alkali chemical industry foundation in Ningxia. Accelerate the construction of renewable energy electrolytic water hydrogen production projects such as Baofeng Energy 20000 standard cubic meters per hour, Guodian Investment 1000 standard cubic meters per hour, Jingneng Power Generation 2000 standard cubic meters per hour, strengthen the leading role of demonstration projects, and promote the application mode of renewable energy and hydrogen energy integration.

Under the support of multiple favorable conditions, Baofeng Energy took the lead in putting forward the specific goal of achieving corporate carbon neutrality.

From 2022, Baofeng Energy plans to increase green hydrogen production capacity by 300 million cubic meters each year, and reduce carbon emissions of chemical plants by 5% each year. Baofeng Energy strives to achieve 50% carbon emission reduction in 10 years, take the lead in achieving carbon neutrality in 20 years by 2040, and gradually achieve the development goal of becoming the world's largest green hydrogen producer and supplier.

Green hydrogen, "blue Ocean" of trillion-scale market

In the context of the global consensus on carbon neutrality, renewable and clean energy represented by wind power and photovoltaic has been vigorously advocated. The "green electricity + green hydrogen" mode of hydrogen production by electrolytic water of renewable and clean energy is considered to be the best solution for both energy utilization efficiency and zero carbon emission.

Green hydrogen production will be the biggest beneficiary of the development of hydrogen energy industry in the future. According to relevant data, it is predicted that by 2030, the total investment in the global hydrogen energy industry chain will exceed 300 billion US dollars (about 1.901.67 billion yuan). In the context of carbon neutrality in 2030, China's annual demand for hydrogen energy will reach 43 million tons. In 2060, China will achieve carbon neutrality and the annual demand for hydrogen will reach 130 million tons, of which the scale of hydrogen produced from renewable energy (green hydrogen) is expected to reach 100 million tons.

The strong market potential has attracted large energy enterprises and photovoltaic giants to enter the green hydrogen industry. According to statistics from GGII, China will invest in 23 new hydrogen production projects in 2020, including 7 green hydrogen projects (accounting for 30%). In 2021, the domestic green hydrogen project will gain momentum:

At the same time, policy support is strengthening around the world, with 30 countries introducing hydrogen strategies that pledge to increase installed clean hydrogen capacity 400-fold over 2020 levels this decade and support a 50-fold increase in the average annual rate of new green hydrogen.

China's white paper "China's Energy Development in the New Era" also highlights the proposal to accelerate the development of hydrogen energy industry chain technology and equipment such as green hydrogen production, storage and use, promote the development of hydrogen fuel cell technology chain and hydrogen fuel cell vehicle industry chain, support multi-scenario energy storage applications in all energy links, and promote the complementary development of energy storage and renewable energy.

In terms of standards, at the beginning of last year, the Standards and Evaluation of Low hydrocarbon, Clean Hydrogen and Renewable Energy Hydrogen was officially released and implemented. The standards set up quantitative standards and evaluation systems for low hydrocarbon, clean hydrogen and renewable hydrogen certification projects in Europe based on natural gas hydrogen production process, and guided the transformation of high carbon emission hydrogen production process to green hydrogen production process.

In a word, green hydrogen has become a key breakthrough point to achieve global net zero emissions, and the trillion-scale green hydrogen market is opening up. In this context, Baofeng Energy launches the green hydrogen strategic plan with its own industrial foundation and geographical resource endowment, and will become a strong promoter of the green hydrogen industry.

3月10日，宁夏宝丰能源集团股份有限公司（证券简称：宝丰能源 代码：600989）发布2021年报，公司全年实现营业收入233亿元，同比增长46.29%。宝丰能源还透露，公司计划从2022年每年增加绿氢产能3亿标方，充分发挥自身高端煤基新材料产业链一体化优势，打造全球最大绿氢公司。

“宝丰能源将着眼产业转型升级，重点研发利用光伏新能源电解水制氢新技术，探索新能源与现代煤化工产业一体化融合发展新模式，加快推动新能源替代化石能源发展进程，致力成为全球最大的绿氢生产商和供应商。” 宝丰能源总裁刘元管表示。

打造全球最大绿氢公司的实力与野心

宝丰能源成立于2005年，是我国能源赛道先锋企业和高端煤基新材料领军企业，位列“2021 中国石油和化工上市公司市值 500 强企业排行榜”第 7 位。其业务包括高端煤基新材料（多种牌号聚烯烃及聚烯烃改性产品）生产及销售；现代煤化工及精细化工产品生产及销售；焦化产品（焦炭、粗苯、煤焦油）生产及销售；煤炭开采、洗选及销售等。

作为一家煤炭开采起家的能源企业，宝丰能源具有氢能源战略发展的前瞻眼光，早在2018年就开始了氢能源与公司循环经济产业链整合之路的探索。

目前，宝丰能源已形成全球最大的3亿标方绿氢、1.5亿标方绿氧产能，并以每年新增3亿标方绿氢的速度不断扩大产能，已在国家级宁东能源化工基地核心区构建了集“煤、焦、气、甲醇、烯烃、聚乙烯、聚丙烯、精细化工、新能源”为一体的循环经济产业集群。

公司所在地宁夏优越的资源禀赋和政策环境也给足了宝丰能源“挑战”全球最大绿氢公司的底气。

受益于干旱少雨、光照强、温差大、风能足、灾害少的自然禀赋，宁夏风能、太阳能等电力资源丰富，目前人均发电量居全国首位，工业用电价格相对较低，这增加了宝丰能源在绿氢生产方面的竞争力。公司所产绿氢一部分将用于化工生产，将大幅减少煤炭用量和二氧化碳排放；另一部分将向制氢储能、氢气储运、加氢站建设方向综合发展，实现氢能全产业链一体联动发展。

政策上，今年1月出台的《宁夏回族自治区应对气候变化 “十四五”规划》指出，将依托宁东能源化工基地国家级现代煤化工产业示范区和我区氯碱化工产业基础，加快发展氢能。加快建设宝丰能源20000标方/小时、国电投1000标方/小时、京能发电2000标方/小时等可再生能源电解水制氢项目，强化示范项目带动作用，推广可再生能源与氢能融合应用模式。

多重利好条件支撑下，宝丰能源率先提出实现企业碳中和具体目标。

从2022年起，宝丰能源规划每年增加绿氢产能3亿标方，年新增消减化工装置碳排放总量的5%，力争用10年时间完成企业50%碳减排，用20年时间，到2040年率先实现企业碳中和，逐步达成打造全球最大的绿氢生产商和供应商的发展目标。

绿氢，万亿级市场 “蓝海”

在全球达成碳中和共识的背景下，以风电、光伏为代表的可再生清洁能源得到大力提倡，可再生清洁能源电解水制氢的“绿电+绿氢”模式被认为是兼顾能源利用效率及零碳排的最佳解决方案。

绿色制氢将成为未来氢能产业发展的最大受益者。根据相关数据预测，到2030年，全球氢能产业链的投资总量将超过3000亿美元(约合人民币19016.7亿元)。在2030年碳中和背景下，我国氢能的年需求量将达到4300万吨，在2060年实现碳中和，氢气的年需求量将达到1.3亿吨，其中可再生能源制氢（绿氢）规模有望达到1亿吨。

强大的市场潜力吸引了大型能源企业、光伏巨头入局绿氢产业。高工产研氢电研究所（GGII）统计显示，2020年中国新投资制氢项目约23个，其中绿氢项目7个（占比30%）。2021年国内推进绿氢项目势头更加强劲：

与此同时，全球各地的政策支持正在加强，30个国家出台了氢战略，承诺在这十年中将清洁氢的装机容量较2020年增加400倍，并支持将每年平均新建绿氢的速度提高50倍。

我国在《新时代的中国能源发展》白皮书中也明确突出，提出加速发展绿氢制、储、用等氢能产业链技术装备，促进氢能燃料电池技术链、氢燃料电池汽车产业链发展，支持能源各环节多场景储能应用，着力推进储能与可再生能源互补发展。

在标准方面，去年初，《低碳氢、清洁氢与可再生能源氢的标准与评价》正式发布实施，该标准对标欧洲依托天然气制氢工艺为基础推行的绿色氢认证项目，建立了低碳氢、清洁氢和可再生氢的量化标准及评价体系，引导高碳排放制氢工艺向绿色制氢工艺转变。