[Haichuan New Energy] Jidao Energy’s project for producing green methanol on a million-ton scale via wind and solar power was signed in Chifeng, Inner Mongolia
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On the morning of June 13, Chifeng City ** held a signing ceremony with CGN New Energy Investment (Shenzhen) Co., Ltd. and Yangzhou Jidao Energy Co., Ltd. The three parties officially signed an agreement for a project to produce green methanol via wind and solar power; the total investment in this project is around 26 billion yuan, and it will be implemented in Balin Left Banner and Aru Kerqin Banner. It is reported that once this project is completed, it is expected to generate an annual output value of around 8.4 billion yuan, tax revenues of about 1 billion yuan, and provide employment for approximately 1,000 people. It will play a significant role in promoting the industrial transformation and upgrading as well as the high-quality development of our city’s economy. According to available information, Yangzhou Jidao Energy Co., Ltd. (referred to as “Jidao Energy”) was established in March 2021. It is dedicated to developing new types of electrolyzer structures aimed at addressing issues such as the difficulty in increasing the production capacity of individual electrolyzers, limitations on operating pressure, and the large floor space required by such equipment. At the same time, this company strives to reduce the energy consumption and manufacturing costs of electrolyzers. At the end of 2021, the electrolyzer developed by Jidao Energy was globally unveiled at its manufacturing facility in Shanghai. This electrolyzer can produce 1350 m3/h of hydrogen, with a maximum output of 1500 m3/h; it operates at a pressure of 2.5 MPa. It allows for a 50% reduction in space requirements and a 90% reduction in the need for factory space, thus truly ushering in a new era of large-scale production and application. It also features numerous key indicators that are at the international leading level. The release of this electrolyzer marks China’s successful mastery of the key technologies for high-performance large-scale electrolytic hydrogen production equipment. At the same time, the production of methanol from carbon dioxide and liquid sunlight hydrogenation stations have further improved the equipment in the liquid sunlight industry chain.
In 2022, Jidao Energy was quite active in Inner Mongolia and was one of the most active hydrogen production startups there. In August 2022, Jidao Energy’s 1GW renewable energy project for producing green hydrogen from wind and solar power to be used in methanol synthesis was established in Etoke Banner. The rapid progress of this project has opened up a new industrial chain for the large-scale utilization and storage of abundant renewable energy resources in regions such as the northeast, north, and northwest of China. In November 2022, the people’s government of Eket Banner, the management committee of Eket Economic Development Zone, and Jidao Energy held a ceremony to sign an investment agreement. The two parties officially signed investment agreements for the high-end manufacturing base project aimed at producing 100 sets of outdoor safety-rated shell-type electrolyzers per year, as well as the project for producing 337,500 tons of green synthetic methanol per year. Under the agreement, the total investment in this high-end manufacturing facility for producing 100 sets of outdoor safety-rated shell-type electrolyzers per year is 200 million yuan, with an annual output value of up to 1 billion yuan once production begins. The project for producing 337,500 tons of green synthetic methanol per year requires an investment of 2.48 billion yuan, and upon reaching full production capacity, it will be able to generate an annual output value of 2.27 billion yuan. On January 10, the Bayannur Economic and Technological Development Zone signed a framework cooperation agreement with Yangzhou Jidao Energy Co., Ltd. for projects related to the production of hydrogen from new energy sources, the production of green methanol from biological sources, and the assembly and manufacturing of equipment for green hydrogen. Under the agreement, Jidao Energy plans to invest 25 billion yuan in Bayannur City to build projects for producing hydrogen from new energy sources and green methanol through biological processes. It is planned to invest in the development zone to build a manufacturing facility capable of producing 100 units of green hydrogen equipment per year; the company’s headquarters, administrative offices, and R&D center will also be located there. Once completed, the GDP generated there could reach 1.2–1.4 billion yuan.