Signing of project in Shandong to produce 500,000 tons of green methanol from green hydrogen

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Signing of Project to Produce 500,000 Tons of Green Methanol from Green Hydrogen in Shandong / Author/Source: Energy & Chemical News / Date: May 21, 2023 / Clicks: 14 On May 18, Miflon (Shanghai) Environmental Engineering Technology Co., Ltd. and **Dian Tou Group Shandong Energy Development Co., Ltd. held discussions in Yantai, Shandong, where the two parties established a strategic partnership and signed a strategic cooperation agreement aimed at advancing the world’s first 100,000-ton-scale production project of high-quality green methanol (e-Methanol). Guided by the principles of equality, voluntariness, mutual benefit, joint promotion, and common development, the two parties establish a strategic partnership for the integrated hydrogen and methanol project that leverages complementary capabilities. By utilizing offshore wind power, offshore photovoltaic energy, as well as onshore wind and photovoltaic resources, they will develop industries related to the production of hydrogen from green electricity, green methanol, methanol transportation, and offshore refueling services. The two parties have reached an agreement to jointly develop a production facility for high-quality green methanol with an annual capacity of 500,000 tons. Once completed, this facility will enable the direct absorption of around 750,000 tons of carbon dioxide per year, while also resulting in an indirect reduction of about 2.2 million tons of carbon dioxide per year – an amount equivalent to that absorbed by 1,500 square kilometers of forest each year. Over a period of 25 years, this will lead to a total reduction of around 55 million tons of carbon dioxide. The initial phase of this project will involve building a facility with an annual capacity of 200,000 tons of green methanol.