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PREPARATION TO BUILD A 10,000 TON E-METHANOL PROJECT

Our client, a leading energy enterprise in China is preparing to initiate the construction of a 10,000-ton Green E-Methanol Production Project in August 2023. Once operational, it will become the world's first facility capable of annually producing 10,000 tons of green E-methanol. The project, which carries an investment of $60 million, is scheduled to be completed by June 2024.

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The Green Methanol Production Project signifies a groundbreaking endeavor undertaken by the company, with a prime focus on manufacturing environmentally sustainable methanol using an advanced method known as "wind power to hydrogen synthesis."

Additionally, alongside this venture, the group is finalizing a feasibility study for a larger-scale green methanol production base with an annual output of 500,000 tons. Construction for this expanded facility is expected to commence in the second half of 2024, with the aim of supplying cost-effective and competitive green methanol to the global shipping market by the latter half of 2025.

Before the project commencement, the company has already obtained a letter of purchase intention from well-established shipping companies from liners, oil tankers, and bulk carriers. Furthermore, ongoing negotiations with multiple other shipping companies are underway to secure pre-purchase agreements for green methanol. Considering the global focus on energy conservation and emission reduction, green methanol is anticipated to emerge as the preferred fuel choice for ship owners in the future.

Please don’t hesitate to contact us if you are interested in learning more about this project.