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New 300,000-ton methanol project launched in Ningxia! Author/Source: Modern Coal Chemical Industry Date: 2023-04-25 Clicks: 20 Recently, Zhejiang Geely Holding Group held discussions with Wuzhong City on how to advance the 300,000 tons per year green and low-carbon methanol project. Image: Wuzhong City: \"Geely Holding Group’s strategy for developing clean energy industries is highly compatible with Wuzhong City’s development concepts and advantages. The low-carbon methanol project will play a very positive role in helping Wuzhong City to extend its industrial chains, strengthen its industrial clusters, increase the level of technology used, and reduce energy consumption.\" It is hoped that this project will serve as a ‘carbon neutrality’ demonstration project for carbon dioxide capture and reduction as well as the ecological logistics of green methanol in Ningxia. Meanwhile, by leveraging Geely Group’s extensive platform, additional projects can be introduced to further extend the industrial chain. ” Geely Group: “Wuzhong’s unique resource endowments, favorable business environment, and advanced development strategies make it an ideal place for enterprises to innovate and grow.” We will work together with Wuzhong Tongda Coal Chemical Co., Ltd. to establish a joint venture as soon as possible, in order to accelerate the implementation of the first-phase project for producing 120,000 tons per year of green and low-carbon methanol. The project utilizes Geely Group’s core technology for the production of green and low-carbon methanol, and it is being developed in partnership with Wuzhong Tongda Coal Chemical Co., Ltd. to build a facility capable of producing 300,000 tons per year of such methanol. The project is constructed in two phases; the first phase requires an investment of 360 million yuan, and it will enable the capture of 180,000 tons per year of gaseous carbon dioxide within the premises of Wuzhong Tongda Coal Chemical Co., Ltd., from which 120,000 tons per year of green and low-carbon methanol can be produced through hydrogenation. Phase II construction of a 180,000 tons/year green and low-carbon methanol project. It will also expand cooperation in terms of logistics capacity for methanol-powered trucks in Wuzhong, further extend the industrial chain, build a green ecological logistics platform, and establish pilot projects for methanol-powered vehicles.