On June 14th, China Marine Bunker Supply Company (CHIMBUSCO), CGN New Energy, and COSCO Shipping Logistics Supply Chain signed a strategic cooperation agreement for the "20,000 Tons per Year Green Methanol Project in Balin Zuoqi."

Located in Balin Zuoqi, Chifeng City, this project is led by CGN New Energy, which oversees the construction of a 500,000-kilowatt integrated wind, solar, and hydrogen project. The downstream industry of wind power hydrogen production involves the synthesis of green methanol from biomass, with an annual production capacity of 200,000 tons of methanol based on the hydrogen production scale.

CHIMBUSCO is responsible for the utilization of the green methanol products, supplying fuel for ocean-going vessels. COSCO Shipping Logistics Supply Chain is in charge of the transportation and storage of the green methanol.

The signing of this strategic cooperation agreement further advances the collaboration across the entire industrial chain of wind and solar hydrogen synthesis of green methanol, from production to transportation, storage, refueling, and utilization.

The three parties will fully leverage their respective advantages, using the green methanol industry and supply chain as a starting point to further expand their cooperation fields and scope. This effort aims to create a mutually beneficial and win-win situation for corporate development and the economic growth of Chifeng.

Source： Xinde Marine News Chen Yang