FIRST LARGE-SCALE CO₂ TO METHANOL PLANT INAUGURATED

The inauguration ceremony for the world's first large-scale CO₂-to-Methanol plant took place on February 21st in Anyang, Henan province, China. The event featured speeches from both Chinese and Icelandic officials celebrating this milestone and announcements of further collaboration between the project partners.

The Shunli methanol plant is a lighthouse project for energy diversification and carbon emission reduction by using recovered hydrogen and carbon dioxide to synthesize 110,000 tons of methanol every year. The production process is based on CRI's Emissions-to-Liquids technology. The project is a great example of successful collaboration between Icelandic and Chinese companies to bring innovative and clean technology to the market where it can have a real impact.

At the event it was announced that Geely Holding and Shuncheng Group - who are co-investors in the plant - have signed agreements for the delivery of 300 methanol powered heavy-duty trucks manufactured by Farizon Auto, a part of the Geely New Energy Commercial Vehicle Group.
The first 30 trucks have already been delivered as seen in the pictures. They will be used for the operations of the Shuncheng Group, powered by the locally produced, low-carbon intensity methanol.
This fuel switch is expected to reduce overall diesel consumption by 15,000 tons a year.

Geely has been deeply involved in the sustainable development of methanol as fuel for vehicles for the past 18 years with currently over 30.000 methanol powered vehicles on the road. Building a methanol circular economy is an effective way to boost energy security and carbon neutrality.