The world's first 500,000-ton CO2 methanol project
In order to promote the first 100,000-ton high-end green methanol (e-Mathanol) project in the world, Mai Fenlong (Shanghai) Environmental Engineering Technology Co., Ltd. (hereinafter referred to as "Mai Fenlong") and shandong energy Development Co., Ltd., the State Power Investment Group, signed a contract on May 18.
The two sides reached a consensus to jointly plan and build a high-end green methanol production project with an annual output of 500,000 tons. The first phase will invest 200,000 tons of production capacity. After completion, it will directly consume about 750,000 tons of carbon dioxide and indirectly reduce carbon dioxide emissions by about 2.2 million tons per year.
Established in Shanghai in 2019, Maifenlong MFE is a subsidiary of CRI in China, which is responsible for the domestic and Southeast Asian business of CRI's ETL carbon dioxide methanol production technology. It has the international leading technology for preparing green low-carbon methanol by carbon dioxide synthesis. Using carbon dioxide from hydrogen-containing industrial waste gas or hydrogen production from green electricity and boiler flue gas as raw materials, the patented technology of "CRI-ETL" is applied to realize industrialized large-scale production of green low-carbon methanol, which has the characteristics of international leadership, good economy and outstanding sustainability.
Iceland Carbon Cycle International Company (CRI) was founded in Reykjavik, Iceland in 2006. With its unique patented ETL technology, CRI has become the world's leading innovative technology company for recycling carbon dioxide to produce methanol.
Shandong energy Development Co., Ltd. of State Power Investment Group takes new energy as its main core industry, and its key development areas mainly cover traditional onshore scenery power generation, offshore scenery power generation and comprehensive utilization of marine resources, comprehensive smart energy, energy storage, hydrogen energy, pumped storage, gas turbine and small reactor heating.
State Power Investment Group Co., Ltd. (hereinafter referred to as "State Power Investment Group") is one of the five largest power generation groups in China. Its main industrial sectors include centralized electricity and heat, user-side comprehensive smart energy, green electricity conversion, collaboration and service, and financing investment business. National Power Investment Corporation has all kinds of power sources such as photovoltaic power generation, wind power, nuclear power, hydropower, coal power, gas power and biomass power generation, and is the largest photovoltaic power generation enterprise in the world. In 2022, the State Power Investment Corporation ranked 260th among the top 500 enterprises in the world.