Zhangjiakou, China, November 13, 2020 – Zhangjiakou City Transport Construction Investment Holding Group Co. Ltd. (ZJK JT) and Shell (China) Limited as the largest and second largest shareholders announce today to form a joint venture Zhangjiakou City Transport and Shell New Energy Co., Limited in Zhangjiakou, Hebei Province. Through the new joint venture, the two parties will invest in building a 20 MW renewable power-to-hydrogen electrolyser project and hydrogen refueling stations in Zhangjiakou City to support the development of hydrogen and clean energy industry in the city and Beijing-Tianjin-Hebei region. Guo Ying, vice mayor of Zhangjiakou, Sun Jiannan, President of ZJK JT, Zhang Xinsheng, Executive Chairman of Shell Companies in China attended the signing ceremony.

Sun Jiannan, President of ZJK JT said: “ZJK JT’s main responsibilities are investing, developing, constructing and operating Zhangjiakou City’s transportation infrastructure projects, as well as building and investing in 2022 Winter Olympics transportation infrastructure projects in the city. We welcome Shell to bring their expertise in hydrogen, which will help Zhangjiakou’s green energy development and energy transition. I look forward to the win-win cooperation and mutual development with Shell.“ City of Zhangjiakou is planning to use renewable power for the Olympic stadiums and to deploy 1,000 buses and trucks to serve this international sports event.

Zhang Xinsheng, Executive Chairman of Shell Companies in China said, “Hydrogen plays an important role in energy transition. Zhangjiakou City has established a rather complete policy guarantee system for hydrogen development, and the rich renewable energy resources here can provide the electricity needed for zero-carbon hydrogen production, supplying clean energy safely in the Beijing-Tianjin-Hebei region. We are excited to work with local government and our business partners to develop an integrated hydrogen value chain covering hydrogen production, storage, transportation, refueling and applications, supporting Zhangjiakou’s application as a Hydrogen Fuel Cell Vehicle Demonstration City. This is the first commercial project for Shell Hydrogen in China. We are proud to be supporting projects like this, which align with China’s 2060 carbon-neutral ambition and the vision of building a Beautiful China.”

Notes to Editors

Zhangjiakou City is only 180 kilometers away from the city center of Beijing and has a superior geographical location at the junction of Beijing, Hebei, Shanxi and Inner Mongolia. Zhangjiakou City is rich in renewable energy resources such as wind and solar energies and has been identified as China’s first and only Renewable Energy Demonstration Zone since 2015. As the co-host city of 2022 Winter Olympic Games, Zhangjiakou city is tasked to provide “green energy” and “green transportation” for this event, and hydrogen has become the strategic development direction in Zhangjiakou’s new energy industry.

Hydrogen is a clean and versatile energy carrier. Hydrogen fuel-cell electric vehicles take only a few minutes to refuel and produce no greenhouse gases from the exhaust. With the hydrogen produced using renewable energy such as wind, the fuel produces no emissions across its life cycle. An 10MW electrolyser can serve the fuel requirements of up to 500 fuel cell vehicles. Shell helped build a hydrogen refueling station in Anting, Shanghai in 2007.

Globally at end 2019 Shell has invested $2.3 billion in New Energies including power and new fuels.

Enquiries:

Elvina Dong
Head of China and North Asia Media Relations
elvina.dong@shell.com

Derek Zhang
Shell China Spokesperson
derek.d.zhang@shell.com

Jessica Miao
Shell China Spokesperson
jessica.miao@shell.com

Li Hua Jun
Zhangjiakou City Transport Construction Investment Holding Group
25423819@qq.com

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