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Petrochemical Machinery has established a hydrogen machinery company with a capital of 100 million yuan.
On November 13th, 金十数据 reported that recently, Sinopec Hydrogen Energy Machinery (Wuhan) Co., Ltd. was established. Quan Bing is the legal representative and the registered capital is 100 million yuan. Its business scope includes the manufacturing of new energy power equipment, research and development of emerging energy technologies, sales of hydrogen refueling and storage facilities for stations, and technical services for oil and gas. Equity penetration data from 企查查 shows that the company is wholly owned by Sinopec Machinery.