Betting on nuclear fusion, Kunlun Capital of Sinopec will become the second largest shareholder of a Chinese fusion energy company.

In China, the dominant position in the oil and gas industry is held by PetroChina, which is betting big on the future of nuclear fusion. China Oil Capital recently announced that it plans to invest 655 million yuan, together with controlling shareholder China National Petroleum Corporation and China Petroleum & Natural Gas Corporation, using their own funds according to the original shareholding ratio, to jointly increase capital in the affiliated company China Petroleum Group Kunlun Capital Co., Ltd., for investment in controllable nuclear fusion projects. The total capital increase amount for this round is 3.275 billion yuan.