Guangzhou's Huangpu District, Guangzhou Development District launched a series of incentives to support its hydrogen industry on June 15. The district offers key enterprises incentives as high as 100 million yuan for settling in the district and 2.5 million yuan for hydrogen refueling station construction.
Guangzhou launched 10 major incentive policies in August 2019, leading the country to support the development of the hydrogen industry. Thus far, the city has issued more subsidy of more than 12 million yuan and successfully attracted related professionals, technologies and key projects.
The upgraded version of incentive policies will reward those key component projects which have national incentives with more than 500 million yuan fixed investment. The incentives go up to 15 percent of the fixed investment. As for the projects with more than 50 million yuan fixed investment, the new polices have canceled the previous project classification and present incentives as high as 10 percent of the project's fixed investment.
In addition, the new policies support enterprises in production space with a standard of 10 yuan per square meter per month. Each enterprise could receive as high as 1 million yuan subsidy each year. As for rental production and office space, the district offers as high as 1 million yuan annual rental subsidy for the first 3 years.
The policies also offer hydrogen industrial park a one-time award of 250 thousand yuan and an annual operational subsidy of 1 million yuan for the first 3 years. The district will also provide a 50-thousand-yuan award for successfully attracting a related company to settle in the industrial park.