(Yicai Global) May 14 -- Shouhang IHW Resources Saving Technology, a Chinese  clean energy firm, will build hydrogen production facilities and  refueling stations in Datong in northern Shanxi province.

The Beijing-based firm aims to become the biggest player in the province's hydrogen energy sector, it said in a statement. 

The firm will build one plant next year, rising to three by 2024. It also  aims to construct two or three hydrogen refueling stations by the end of  2020, rising to between 10 and 20 by 2021. The firm will also build  three or five distributed hydrogen power stations and aims to achieve  the joint supply of clean thermoelectricity. The statement did specify  investment amounts for the projects.

Datong's municipal government aims to promote the use of the stations among its  local buses. It will also set up a fund of at least CNY2 billion (USD291  million) for the hydrogen energy sector and will use it to assist  Shouhang.

Local authorities will also provide  land, subsidies, political supporting subsidies and preferential tax  measures for Shouhang's projects.