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Invest 23.5 billion yuan! Daan signed a million tons of green methanol project

On May 28, 2024, Da’an City, Jilin Province, Yunda Energy Technology Group Co., Ltd. and Zhaoyun (Liaoning) New Energy Co., Ltd. officially signed a strategic cooperation agreement. Invest about 11.5 billion yuan to build about 800,000 tons of biomass straw gasification synthesis green methanol production line and about 200,000 tons of water electrolysis hydrogen production catalytic synthesis of green methanol production line.

Methanol is another avenue for hydrogen applications. As a basic organic chemical raw material, methanol has a wide range of uses. Methanol can be used in chemical products such as synthetic fibers, formaldehyde, plastics, pharmaceuticals, pesticides, dyes, synthetic proteins, etc., and can also be used as a liquid fuel for methanol fuel cells (DMFCs) and methanol engines. Methanol can also release hydrogen through cracking, thus becoming a carrier for hydrogen storage and transportation.

There is no unambiguous definition of green methanol in the world. According to the International Renewable Energy Agency, green methanol requires all feedstock sources to meet renewable energy standards. At present, there are two main ways to produce green methanol: one is biomass methanol, which is produced from bio-based raw materials; The other is green electricity to methanol.

On May 28, 2024, Da’an City, Jilin Province, Yunda Energy Technology Group Co., Ltd. and Zhaoyun (Liaoning) New Energy Co., Ltd. (jointly established by China Merchants Taipingwan Development and Investment Co., Ltd. and Yunda Energy) officially signed a strategic cooperation agreement.

With a total investment of about 23.5 billion yuan, the project is located in the clean energy chemical industrial park in western Jilin (Da’an), which is divided into two major sectors: first, an investment of about 11.5 billion yuan to build a green methanol production line for biomass straw gasification synthesis and a green methanol production line for hydrogen production by water electrolysis catalytic synthesis of about 200,000 tons; The second is to invest about 12 billion yuan to build about 2 million kilowatts of wind, solar and energy storage projects.

It is reported that the integrated planning and simultaneous construction of alcohol, wind and solar and energy storage projects are planned to start in the second half of 2024 and be completed and put into operation by the end of 2026. After the project is completed and put into operation, it is expected to achieve an annual output value of more than 6.5 billion yuan, a tax revenue of 45.5 million yuan, and 1,200 jobs.

Since 2024, the popularity of green methanol has continued to rise, and green alcohol projects have made new progress one after another.

On March 22, 2024, the Inner Mongolia Bahrain Zuoqi Wind and Solar Hydrogen to Methanol Project (green hydrogen to methanol part) was recorded, with a total production scale of 200,000 tons of green methanol per year.

On the morning of March 30, 2024, the first large-scale commercial operation of the wind power coupled biomass green methanol integration demonstration project invested and constructed by Shanghai Electric Group officially started in the green energy and chemical industry park in western Jilin (Taonan), with a total investment of 5.6 billion yuan, and plans to build a 250,000-ton wind power coupled biomass to green methanol integration project, with a green methanol production capacity of 50,000 tons in the first phase, and plans to produce the first batch of qualified methanol in 2025 and achieve a production capacity of 250,000 tons in 2027.

On the morning of April 3, 2024, Xuchang LONGi Bioenergy Co., Ltd. started construction of a green methanol project with an annual output of 120,000 tons. With a total investment of 2 billion yuan, the project adopts biomass gasification technology, which can absorb waste resources such as crop straw and forestry residues and produce green A

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