SunSirs: Heilongjiang's 300,000-Ton Green Methanol + Ethanol Project Approved

According to China Chemical Information Weekly, on November 7, the Jixi Municipal Ecology and Environment Bureau announced its proposed decision to approve the environmental impact assessment documents for the construction project.

Project Name: 300,000-Ton Green Hydrogen-Based Alcohol Aviation Fuel Chemical Co-production Project in Jidong County, Jixi City, Heilongjiang Province

The project involves constructing new facilities including an ethanol production area, a methanol production area, auxiliary facilities, storage and transportation areas, and supporting environmental protection engineering. Upon completion, it will utilize biomass straw as feedstock to produce 80,000 tons of ethanol and 240,000 tons of green methanol annually.

The total investment for the project is 2,688.74 million yuan, with 30.6 million yuan allocated for environmental protection. The project's production electricity and process steam will be supplied by a biomass cogeneration facility constructed concurrently. The project may not commence operations until the biomass cogeneration facility is fully operational.

The project holder's separate 2 billion yuan green hydrogen-ethanol chemical co-production project in Dunhua, Yanbian, received filing approval on August 1. This project uses non-grain biomass straw as feedstock to ferment and produce 40,000 tons of ethanol annually. The slurry generated from ethanol fermentation undergoes pressurized gasification in a fluidized bed to produce synthesis gas. This synthesis gas then undergoes conversion, desulfurization, decarbonization, and methanol synthesis processes to produce 150,000 tons of green methanol annually.

As an integrated internet platform providing benchmark prices, on November 11, the benchmark price of methanol on SunSirs was 2067.00 RMB/ton, a decrease of 4.08% compared with the beginning of the month (2155.00 RMB /ton).

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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