Registration of a production project in Zhangye, Gansu, involving an investment of 1.05 billion yuan to produce 100,000 tons of green methanol per year

Thread Content

On November 10, information on the Gansu Province Online Approval and Supervision Platform for Investment Projects indicated that approval had been granted for the project to produce 100,000 tons of green methanol per year. Project Name: 100,000-ton Green Methanol Project. Project Investment: The total investment in this project is 3 billion yuan; it covers an area of 400 mu. Sinochem Energy Yuan Chemistry (Gansu) Co., Ltd., established under the leadership of Sinochem Group, will build an industrial park capable of producing 300,000 tons of green methanol per year in two phases. The first phase of the 100,000-ton green methanol project requires an investment of 1.05 billion yuan. The investment for the second phase amounts to 1.95 billion yuan, and it is primarily used for projects such as the manufacturing of hydrogen energy equipment and biomass gasification furnaces. Contents of the first phase of construction: It mainly involves building a hydrogen production plant capable of producing 13,500 tons per year through electrolytic water splitting, a biomass gasification plant with an annual processing capacity of 250,000 tons, a green methanol synthesis plant with an annual output of 100,000 tons, and a steam plant with a capacity of 300,000 tons. The project utilizes agricultural and forestry waste such as reed straw and rapeseed straw, which are abundant in Zhangye City and its surrounding areas, as a biomass source. Green methanol is produced by gasifying this waste and then coupling it with water electrolysis to generate green hydrogen. Carbon reduction is achieved throughout the entire production process and life cycle. The green methanol produced boasts advantages in terms of emission reduction capacity, energy density, cost, and ease of use. In addition, supply agreements have been established with companies such as COSCO, China National Container Group, and Maersk to ensure its uptake. The second-phase project will establish the “SOEC Engineering Application Demonstration Center” and the “Sinochem Zhongke Environment Multi-oxygen Combustion Gasification Furnace Engineering Demonstration Center”, as well as a “green methanol supply guarantee base”, to provide intellectual, talent, and technical support for promoting the green transformation of the industry.