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------------------------------------------------------------------------ On January 2, 2025, the groundbreaking ceremony for the 100,000-ton green methanol project in Shanghai was held at the Shanghai Chemical Industry Park, marking an important milestone in the city’s efforts to promote the transition to green energy and support the development of its international shipping hub! The Shanghai green methanol project is an important initiative that relies on the combined efforts of the entire city; it holds great significance for supporting the **\"dual carbon\" strategy, enhancing Shanghai’s status as an international shipping hub, accelerating the development of new forms of productive capacity, and establishing new pathways in the green economy. The successful commencement of pile foundation work represents a crucial step in the project’s construction and operation phase. It is also another important milestone following the agreements signed in September 2024 between Shenneng Group and Chengtou Group, Hua Yi Group, and Shanghai Port Group regarding the supply of raw materials, construction and operation, as well as refueling and sales for the green methanol project – agreements that will provide strong support for ensuring the project is completed by the end of 2025. It is reported that this project is located in the Shanghai Chemical Industry Zone, and will be built and operated by Hua Yi Group. By making full use of the existing infrastructure in the chemical industry chain as well as the regional advantages, an efficient green methanol production system will be established. The first pile has been driven for Shenneng Group’s green methanol project; this not only represents an important pillar of cooperation between Shenneng and Huayi, but also signifies that Shanghai will soon achieve a breakthrough in terms of green methanol production capacity, going from zero to existence.