Shanghai Chemical Industry Park Industrial Gases (SCIPIG), a subsidiary of Air Liquide, will invest over €200 million to build two hydrogen production units in Shanghai Chemical Industry Park (SCIP).
A limited supply of tradeable green electricity and a nascent trading platform in China have presented challenges for companies eager to quickly ramp up procurement to meet their decarbonisation goals. German chemicals firm Covestro, whose Shanghai plant is its largest manufacturing site globally, is one of them.
German materials supplier Covestro A.G. is enhancing its capacity to serve China and Asia Pacific markets with the construction of a new manufacturing plant.
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