Xin Lang Cai Jing·2025-12-15 00:17Core Viewpoint - Green liquid fuels, including green methanol, green ammonia, and SAF, are key drivers for decarbonization in shipping, aviation, and chemical industries, benefiting from enhanced carbon tax policies and ongoing cost reductions, with potential for nearly tenfold growth in the next five years and a long-term market space reaching trillions of yuan [1] Industry Summary - The green liquid fuel sector is entering a rapid development phase, supported by favorable policies and cost efficiencies [1] - Domestic manufacturers are leveraging abundant and inexpensive green electricity resources, comprehensive equipment supply, and downstream support systems to accelerate the development of the green liquid fuel industry and business models [1] Investment Focus - It is recommended to pay close attention to integrated production manufacturers of green hydrogen, ammonia, and methanol, as well as core equipment suppliers such as electrolyzers [1]