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Goldwind Science & Technology signed a project for producing hydrogen and methanol via wind power, with a capacity of 2 million kilowatts, in Zhalaitai Banner, Xingan League, Inner Mongolia. Author/Source: Energy & Chemical Industry Updates. Date: May 3, 2023. Clicks: 163. On April 24, the Inner Mongolia Autonomous Region’s Investment Promotion Conference and Project Signing Ceremony (Yangtze River Delta region), organized by the Inner Mongolia Autonomous Region, was held in Hangzhou, Zhejiang Province. Among them, Goldwind Science & Technology signed a project for the production of hydrogen and methanol through wind power in Zhalaitai Banner, Xingan League, Inner Mongolia, with a capacity of 2 million kilowatts. This is currently the largest green methanol project in the world; once operational, it will be able to produce 500,000 tons of methanol per year, thereby creating a situation where the development of the enterprise and the local economy benefit from each other. The application areas of hydrogen energy are concentrated in four main sectors: transportation, industry, power generation, and construction. Among them, transportation and industry are the main application areas, while construction, power generation, and heating are still in the exploratory stage. Currently, methanol fuel is generating new demand for green hydrogen. In 2022, China’s methanol production was around 79 million tons, representing a slight increase of 2% on a year-on-year basis; the global demand is estimated to be 140 million tons. Looking at the production side of methanol, about 65% of methanol is produced through natural gas reforming, while 35% is produced via coal gasification. Assuming that 0.13 tons of hydrogen are required per ton of methanol, the corresponding hydrogen demands amount to 10.2 million tons and 18.5 million tons respectively. Take the use of methanol as shipping fuel as an example. In 2022, the EU officially included the shipping industry in the carbon market, with assessments starting in 2024. For ships with a gross tonnage of over 5,000 GT, quota management will be implemented gradually: 40% of emissions in 2024, 70% of emissions in 2025, and 100% of emissions after 2026. In addition to carbon dioxide, methane and nitrous oxide (affecting LNG-powered ships) will also be subject to formal assessment starting in 2026. Therefore, since 2022, orders for global methanol dual-fuel ships have increased significantly, with green methanol produced from green hydrogen to be used. In the first three quarters of 2022, methanol-powered ships are expected to account for 3% of new orders, while ships using alternative fuels are expected to make up 6% of such orders. It is anticipated that as the deadline for carbon assessment of ships in Europe approaches, there will be a significant increase in subsequent orders. Based on the assumption that a 50,000-ton double-fuel ship consumes 50,000 tons of methanol per year, it is estimated that by 2030 the penetration rate of methanol-powered ships will be 9%, resulting in a consumption of over 5 million tons of hydrogen in that year. Wang Lei, General Manager of Goldwind Wind Power Equipment Technology Co., Ltd., said, “The green methanol project is a highly beneficial initiative on a global scale. Since this project is completely green and traceable, we can offer it at an excellent price when selling it abroad, resulting in great profitability as well.” Our factory is located in the Zhalait Banner and the Xing’an League Economic and Technological Development Zone; it is also a project that generates high output values and substantial tax revenues. ” The Zhalaitai Banner in Xingan League, Inner Mongolia, stated that it will adhere to a chain-based approach in developing industries, make full use of the driving role of new energy sources, carry out active investment promotion within industrial chains as well as for green energy projects, and make great efforts to extend, strengthen, and improve these industrial chains, thereby continuing to expand the four key industrial clusters related to wind power, solar power, hydrogen, and energy storage. Image: Xinjiang Goldwind Science & Technology Co., Ltd. (referred to as “Goldwind Science & Technology”) is a leading enterprise in China’s wind energy sector. It provides comprehensive wind power solutions worldwide, with its services covering the manufacturing, installation, and maintenance of wind turbines, as well as the planning and construction of both offshore and onshore wind power projects. In 2022, Goldwind Science & Technology achieved 11.4 GW of new wind power installation capacity in China, accounting for 23% of the domestic market share; it remained the leading company in the country for twelve consecutive years ； The world’s new installed capacity was 12.7 GW, accounting for about 15% of the global market share, placing it in first place worldwide. In 2022, Goldwind Science & Technology began to focus on hydrogen energy-related initiatives. On August 31, 2022, Goldwind Science & Technology signed a strategic cooperation framework agreement with the People’s Government of Jilin Province. The two parties will advance practical cooperation in areas such as wind power-based hydrogen and ammonia production as well as the hydrogen energy industry chain, wind power equipment manufacturing, the use of carbon fiber in wind turbine blades, the development of new energy in rural areas, and pumped storage ； On September 26, the construction of a 200,000-kilowatt wind power-to-hydrogen co-generation demonstration project in Boli County began, with Golden Wind Technology collaborating with a professional chemical engineering design firm on its design. This project integrates wind power generation with hydrogen production, energy storage, as well as painted wind turbines; it is expected to require an investment of around 1.341 billion yuan. Once completed, it will have the capacity to supply over 650 million kWh of electricity, with an annual output value of approximately 260 million yuan. On November 19, the signing ceremony for the Goldwind Technology Southern Base project was held in Wuxi High-Tech Zone. Goldwind Science & Technology will establish a southern base and a strategic innovation hub in Wuxi High-Tech Zone, focusing on green and low-carbon industries such as wind energy, energy storage, hydrogen energy, comprehensive energy services, and environmental protection water services. It is expected that within five years, Goldwind’s southern facility will bring together 1,000 of Goldwind’s employees, generate annual revenue of 10 billion yuan, and help foster a localized industrial cluster for Goldwind’s supply chain in Wuxi. In April 2023, Goldwind Science & Technology signed a project in Inner Mongolia for the production of hydrogen and methanol via wind power, which is currently the largest green methanol project in the world. Pursuing progress toward sustainability without pause, and looking to the future, Goldwind Science & Technology will keep up with the pace of the times. It will contribute to achieving the \"30·60\" dual-carbon goals, and through a more open ecosystem, establish closer, longer-term, stable, and mutually beneficial strategic partnerships with customers, partners, suppliers, and other competitors. This will enable Goldwind to realize the value of its end-to-end solutions and play a positive role in the coordinated development of the industry.