Driven by the rapid development of the upstream and downstream of the industrial chain, the green methanol fuel industry has huge development potential

Methanol is one of the most critical organic raw materials in the coal chemical industry, and green methanol fuel refers to a new type of clean fuel made from industrial methanol or fuel methanol as raw materials, mixed with denatured alcohol additives and existing national standard gasoline and diesel in a certain volume.

Green methanol fuel is a clean oxygen-containing liquid fuel. Compared with traditional gasoline fuel, it has a high octane number, strong anti-knock property, rich resources, uniform distribution of hydrocarbons and oxygen, which can make the engine work more smoothly and increase energy. Characteristics and functions such as conversion efficiency have obvious advantages in the fields of automobiles, ships, aviation and other fields; compared with new energy hydrogen fuel energy, it has the characteristics of easy storage, high cost performance, convenient storage and use, high safety, and can be produced and used immediately. and other characteristics, which are conducive to large-scale promotion. At present, the advantageous role of my country’s green methanol fuel is increasingly highlighted, and the industry has broad prospects for development.

Producing methanol from coal as raw material is the mainstream production method of methanol in my country’s market. Affected by the domestic energy structure of “rich coal, poor oil, and little gas”, my country’s methanol production capacity has shown an increasing trend year by year. According to data from the Guangzhou Chemical Trading Center, In 2021, the domestic methanol annual production capacity will reach 97.385 million tons, a year-on-year increase of 3.2%. At present, my country has become the world’s largest producer of methanol. In 2021, domestic methanol production capacity will account for nearly 70% of the world’s total production capacity. The sufficient supply of upstream raw materials has laid a good foundation for the development of the domestic green methanol fuel industry.

At present, the automotive field is the largest application field of green methanol fuel. In recent years, as my country continues to advance its dual-carbon goals and strengthens environmental protection efforts, the pace of substitution of clean energy fuels in the automotive fuel market is accelerating. As a new type of clean fuel, green methanol fuel’s market penetration rate is constantly increasing and its scale is expanding.

In addition, the current number of methanol vehicles in my country is close to 35,000. Currently, against the background of the continuous efforts of policies, car companies, markets and other parties, the number of methanol vehicles in my country continues to increase, which in turn drives the market demand for green methanol fuel to continue to increase. According to the “China Green Methanol Fuel Industry Market Monitoring and Future Development Prospects Research Report 2022-2026” released by the Industrial Research Center Shows that the demand for methanol in the domestic green methanol fuel market in 2021 will be 17.832 million tons. At this stage, my country’s green methanol fuel and methanol automobile industries have entered a period of rapid development.

Industry Analysts personnel said that domestic companies that are developing green methanol fuel market mainly include Hengjiu Technology, Jinniu Chemical, Shunli Environmental Protection Technology, CIMC Enric, Zhongjin Energy, Debo Energy, etc. At present, the green methanol fuel production technology of local enterprises has become mature, and the industry is rapidly developing in the direction of scale and industrialization. The future development prospects of the industry are broad. Overall, my country’s green methanol fuel industry has entered a stage of rapid development due to favorable factors such as sufficient supply of upstream raw materials, rapid development of downstream application fields, and the continuous maturation of local companies’ technical levels. The industry has huge potential for future development.