Shenghong Petrochemical’s 100,000 tons/year carbon dioxide-to-green methanol production plant was officially put into operation in Xuwei New District, Lianyungang

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In September 2023, Shenghong Petrochemical's 100,000 tons/year carbon dioxide-to-green methanol production unit was officially put into operation in Xuwei New District, Lianyungang. This is the first landmark project to successfully utilize carbon dioxide on a large scale in the province. Using Icelandic Carbon Cycle International's ETL process technology, it can actively absorb 150,000 tons of carbon dioxide per year, and will form a green low-carbon methanol production demonstration device with an annual output of 100,000 tons. Compared with traditional afforestation to absorb the greenhouse gas carbon dioxide, the device's ability to "simulate photosynthesis" is stronger in absorbing carbon dioxide, with a recycling conversion rate of up to 100%. At the same time, it can indirectly reduce carbon dioxide emissions by 550,000 tons per year, which is equivalent to 37,000 hectares of forest planting area and equivalent to 370 square kilometers of land area. With the 100,000/year green methanol project as the leader, Shenghong Petrochemical promotes the world's first carbon dioxide-to-green new energy and new material industry chain project, which has positive significance and significant benchmarking effect in reducing carbon emissions, improving the ecological environment and extending the green industry chain. It lays a solid foundation for the Lianyungang Petrochemical Industrial Base to build a world-leading carbon dioxide-to-new energy material industry chain.