Di Yi Cai Jing·2025-09-27 03:56Core Insights - The establishment of a 100,000-ton green methanol production capacity in Shanghai is significant for promoting the green transformation of the Shanghai International Shipping Center [1][5] Group 1: Project Overview - The project is located in the Songlin building of the modern agricultural park in Langxia Town, Jinshan District, which is the largest scale pig farming facility in Shanghai, with an annual stock of over 45,000 pigs [1] - The biogas purification project, which converts pig manure into biogas, is the first of its kind in Shanghai and will provide raw materials for the green methanol project [3][5] - The green methanol project is a collaboration among four state-owned enterprises: Sheneng Group, Chengtou Group, Huayi Group, and Shanghai Port Group [5] Group 2: Economic and Environmental Impact - The project is expected to be operational by the end of 2023, with the first green methanol fueling at Shanghai Port anticipated in early 2026 [5] - The project has received ISCC EU and PLUS certifications, indicating that its average carbon emission intensity is reduced by over 80% compared to fossil fuel-derived methanol [5] - The green methanol market is currently characterized by a significant supply-demand imbalance, with green methanol prices ranging from $900 to $1,000 per ton, approximately three times the price of gray methanol [7] Group 3: Market Context - Global green methanol production is still in its infancy, with an estimated capacity of only 700,000 tons by 2024, leading to a mismatch in supply and demand [9] - China holds a 55% share of global project reserves for green methanol, with many projects expected to be operational between 2026 and 2028 [9]