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The project to produce 500,000 tons of green methanol using green hydrogen, carried out by Jinfeng Lünneng Chemical (Xing’an League) Co., Ltd., was officially launched recently. Author/Source: Energy and Chemical Industry News. Date: June 12, 2023. Clicks: 18. The world’s largest green methanol project is in progress. The project to produce 500,000 tons of green methanol using green hydrogen, carried out by Goldwind Green Energy Chemicals (Xing’an League) Co., Ltd., was officially launched recently. It is reported that the project has been registered with the local development and reform commission. The construction site is located in the Xingan League Economic and Technological Development Zone in Ulanhot City, Xingan League, Inner Mongolia Autonomous Region, covering an area of 1,500 mu. The planned timeline for the project’s construction is from December 2023 to December 2025. According to the information provided, this is a new project with a total investment of 30 billion yuan. Of this amount, 6 billion yuan will come from internal funds, while 24 billion yuan will be borrowed through bank loans. The project will involve the construction of key production facilities such as biomass power generation units and green methanol synthesis plants, along with related supporting infrastructure. Once completed, it will be capable of producing 500,000 tons of green methanol per year. In January 2023, the Xingan League Party Committee and Government of Inner Mongolia Autonomous Region held a project coordination meeting with Goldwind Science & Technology, and reached a strategic cooperation agreement for the green methanol project. On April 24, 2023, the Inner Mongolia Autonomous Region Investment Promotion Conference and Cooperation Project Signing Ceremony (Yangtze River Delta Region), hosted by the Inner Mongolia Autonomous Region**, was held in Hangzhou, Zhejiang Province. Among them, Goldwind Science & Technology has signed a project for the production of hydrogen and methanol via wind power in Zhalaitai Banner, Xingan League, Inner Mongolia, with a capacity of 2 million kilowatts. Once operational, this project is set to become the largest green methanol project in the world to date. Public information shows that Xinjiang Goldwind Science & Technology Co., Ltd. is a leading enterprise in China’s wind energy sector, providing comprehensive wind power solutions worldwide. Its business scope includes 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 approximately 15% of the global market share, placing it in first place worldwide. The person in charge of Jinfeng Wind Power Equipment Technology Co., Ltd. said that the green methanol project is a particularly beneficial initiative on a global scale, as it is completely green and traceable. The factories for this project are located in Zhalantun Banner and the Xing’an League Economic and Technological Development Zone in Inner Mongolia Autonomous Region, and it is also a project that generates high output values and substantial tax revenues.