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International Hydrogen Valley to boost emerging sector

en.lgxc.gov.cn| Updated: Jun 23, 2022 L M S

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An artist's impression of the International Hydrogen Valley industrial park, under construction in the Lin-gang Special Area. [Photo/WeChat ID: lgqyfwj]

A new hydrogen industrial park, also known as International Hydrogen Valley, was listed as a new characteristic industrial park in East China's Shanghai, according to the Shanghai Global Investment Promotion Conference 2022 held on June 16 in the city.

The park – currently under construction – is located in the China (Shanghai) Pilot Free Trade Zone Lin-gang Special Area, in Shanghai, with a planning area of 1.55 square kilometers in its first phase.

Relying on the favorable policies and incentives in Lin-gang, the park is seizing the development opportunity and has already attracted over 10 upstream and downstream enterprises in the hydrogen industry to move there, such as Shenzhen Hynovation Technologies Co Ltd and Legend New Energy Technology (Shanghai) Co Ltd.

The output value of Lin-gang's hydrogen fuel cell industry is projected to reach 20 billion yuan ($3 billion) by 2025. The industry will basically cover the core components for hydrogen fuel cell vehicles and the entire industry supply chain for hydrogen equipment.


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