Day: November 30, 2021

HONG KONG SAR – Media OutReach – 30 November 2021 – ViLab Limited., a Hong-Kong based metaverse service and technology provider, is pleased to announce that it has signed a Memorandum of Understanding (MOU) with Gulliver Studios, the creator behind the visual effects of “Squid Game,” to jointly develop technology that can be used for creating and maintaining virtual identity and other background features in the metaverse.

Since its founding, ViLab and its partners have been developing and upgrading virtual human and background technologies such as face-shifting, lip synchronization and voice cloning. These, along with its future work with Gulliver, can be applied and used in multiple platforms in the metaverse, including BetterAreana, a ViLab-built space in the metaverse that hosts virtual idol concerts and other activities.

Under the MOU, ViLab and Korea-based Gulliver will explore collaboration in three areas: to develop three-dimensional web and mobile applications; to create computer-generated imagery (CGI) rendered concrete hosting in ViLab’s BetterArena, for background and stage effect and other projects; to create and maintain virtual idols. The partnership will be another major milestone for ViLab. Going forward, the company will collaborate with its partners to build more applications for 3D animated avatars, or digital identities, for the metaverse.

Metaverse is a shared virtual space where people can gather to interact and collaborate at any place and through any device. It has been called “the next frontier” of the internet by a number of tech moguls.

“One of ViLab’s main goals has been to develop virtual identities technology that can be adopted across all metaverse platforms,” said Ginny Q, Co-founder of ViLab: “We are excited about teaming up with Gulliver Studios, one of the hottest names in visual effects globally. By combining our capability and experience in synthetic media technologies with their expertise in CGI, we are moving another step towards realizing our vision.”

About ViLab

ViLab Limited is a Hong Kong-based professional metaverse service provider. With a focus on using artificial intelligence to build and upgrade virtual identity and behavior in the metaverse, it strives to provide 360-degree solutions to individuals and corporates in adapting to the latest changes in web experience. Its core mission is to equip clients in their journey to explore the possibility and potential of the metaverse. Through the creation of a parallel universe, they can also search for solutions to real life problems.

About Gulliver

Gulliver Studios has created stunning visual effects for numerous great films across the globe, including The Cursed: Dead Man’s Prey, Collectors, The Yin-Yang Master: Dream of Eternity, and more. Gulliver received worldwide recognition by exclusively producing visual effects for the Squid Game, the All Time most-viewed TV show on Netflix. Beyond film production, Gulliver continues to take VFX to the next level through research and development in Virtual Reality, Augmented Reality, Extended Reality, Digital Human, and Virtual Production.

Media Enquiry

Ascension Communications

Kelvin Wong

Email: kelvin@ascension-communications.com

Telephone: +852 6037 5705

• With total investment of $470.77 million, the project will produce an annual output of green hydrogen reaching 20,000 tons when put into operation.
• With an expected reduction of carbon dioxide emissions by approximately 485,000 tons a year.
• The project will contribute an average of $20.4 millioa to the local GDP and generate $2.82 million in tax revenue.

BEIJING, Nov. 30, 2021 /PRNewswire/ — China Petroleum & Chemical Corporation’s (HKG: 0386, “Sinopec”) hosted an online launching ceremony on November 30 in the cities of Beijing, Urumqi and Kuqa to announce that China’s first 10,000-ton photovoltaic green hydrogen pilot project, the Sinopec Xinjiang Kuqa Green Hydrogen Pilot Project (the “Project”), has officially started construction. Upon completion, the project will produce an annual green hydrogen output of 20,000 tons, making it the world’s largest photovoltaic green hydrogen production project.

A concrete action of Sinopec’s pledge to support China’s “dual-carbon” goals and pursuance of green, low-carbon development, the Project is of great significance to promote the development of a green hydrogen industry chain as well as economic and social development in Xinjiang Uygur Autonomous Region, guarantee the energy security and carry forward the transformation and upgrading of the energy industry in China.

The Project is a hydrogen production plant that directly uses large-scale photovoltaic power generation and with a total investment of 3 billion yuan ($470.77 million) is mainly comprised of five sections: photovoltaic power generation, power transmission and transformation, hydrogen from water electrolysis, hydrogen storage and hydrogen transport.

As part of the project, Sinopec will build a new photovoltaic power station with an installed capacity of 300MW and annual power generation of 618 million kilowatt-hours, an electrolyzed water hydrogen plant with an annual capacity of 20,000 tons, a spherical hydrogen storage tank with hydrogen storage capacity of 210,000 standard cubic meters, and hydrogen transmission pipelines with a capacity of 28,000 standard cubic meters per hour (including supporting power transmission and transformation facilities).

The Project is expected to be completed and put into operation in June 2023, and the green hydrogen produced by the plant will be supplied to Sinopec Tahe Refining & Chemical to replace the existing natural gas and fossil energy used in hydrogen production. The carbon dioxide emissions are estimated to be reduced by 485,000 tons a year, and the Project will contribute an average of US$20.4 million to the local GDP and generate US$2.82 million in tax revenue.

“Hydrogen energy is one of the sources of clean energy that has the most potential for development. This pilot project gives full play to Xinjiang’s advantage in its wealth of resources and is a key project for Sinopec to build a No.1 hydrogen energy company. It’s also a major strategic achievement for local-enterprise cooperation and is of great significance to promoting social and economic development in Xinjiang, advancing energy transformation, ensuring China’s energy security and supporting the sustainable development of the global economy,” said Ma Yongsheng, president of Sinopec.

The Project has four major advantages – rich in resources, green and low-carbon, large-scale application and technological breakthroughs. It’s an all-process green hydrogen production and application pilot project linking up wind and photovoltaic power generation, green electrical transmission, hydrogen production with green electricity, hydrogen storage, hydrogen transportation and green hydrogen refining. Upon completion and full operation, the Project will present a new development path for green hydrogen refining and have a major effect on the large-scale application of green hydrogen to achieve carbon emission reduction.

In the meantime, all of the major equipment machineries and core materials used in the construction of the Project are manufactured in China, including the photovoltaic modules, the “heart” electrolyzer in water-electrolytic hydrogen production, hydrogen storage tanks and hydrogen pipelines, which is momentous for the rapid development of China’s hydrogen production equipment industry.

Focusing on achieving “dual carbon” goals, Sinopec has taken the lead in developing the green hydrogen industry and actively promotes the green and low-carbon development of the petrochemical industry. As the largest hydrogen producer in China, Sinopec is currently producing approximately 3.9 million tons of hydrogen per year and in terms of green hydrogen technology, Sinopec has applied its first self-developed PEM water electrolysis hydrogen production station.

For more information, please visit Sinopec.\

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