势银研究 | 绿醇和SAF的政策补贴解读

Core Viewpoint - The article discusses the release of the "Special Management Measures for Central Budget Investment in Energy Conservation and Carbon Reduction" by the National Development and Reform Commission, highlighting its role in providing a clear and predictable funding support mechanism for low-carbon projects, particularly in green methanol and sustainable aviation fuel production [3][4]. Funding Support Mechanism - The new measures explicitly include "green methanol and sustainable aviation fuel production projects" as part of the "low-carbon, zero-carbon, and negative-carbon demonstration projects" [3]. - The funding support standard is set at 20% of the total investment for these projects, significantly lowering investment barriers and shortening the payback period [4]. - The policy emphasizes support for regions that excel in carbon peak and carbon neutrality efforts, energy conservation, and circular economy development, particularly in the Yangtze River Delta and Pearl River Delta regions [4]. Policy Duration and Implementation - The measures are effective for five years from the date of issuance, which aligns with the typical timeline for technology iteration and industrialization in the green methanol and SAF sectors [4]. - The article notes that projects must have complete preliminary procedures and be ready to commence work upon approval, with strict conditions on project adjustments if not initiated within specified timeframes [4]. Market Demand and Industry Acceleration - The article indicates that recent developments, such as the IMO's emission reduction policies and the release of the second batch of SAF whitelist, are rapidly expanding market demand for green methanol and SAF [4]. - The new funding measures are expected to provide strong policy and financial support, propelling the industry into an "acceleration phase" [4].