Business Daily Media

Men's Weekly

.

Inner Mongolia Embraces a New Era of Energy: Methanol Pioneers Innovation and Sustainable Development

HOHHOT, CHINA - Media OutReach Newswire - 5 December 2024 - Recently, the 2024 Green Methanol Energy Industry Development Forum and the Farizon New Energy Commercial Vehicle Methanol-Hydrogen Product Showcase were held in Hohhot, Inner Mongolia.

These events have not only highlighted Inner Mongolia's innovation and breakthroughs in the new energy sector but also outlined a clear path towards a greener future.

Methanol, recognized for its efficient combustion, clean emissions, and renewability, is seen as a "super fuel" that can address challenges to energy security and "carbon peaking and neutrality". Driven by the global energy transition and China's "carbon peaking and neutrality" goals, methanol is emerging as a star in the energy sector. China leads the world in renewable methanol production capacity, with 75% of new capacity expected to come from China by 2026.

As a resource-rich region in China, Inner Mongolia has both the advantage and the responsibility to develop a modern energy economy. The forum brought together international organizations, government departments, academicians, experts, key domestic and foreign enterprises, and relevant institutions to focus on the development of the green methanol industry and discuss ways to promote the high-quality development of new energy. Li Shufu, chairman of Geely Holding Group, pointed out at the forum that Inner Mongolia is adjusting its industrial structure and strengthening the important ecological security barrier in the north of China, laying a solid foundation for the development of methanol as a new quality productive force.

The series of methanol-hydrogen electric heavy-duty trucks, light trucks, mini trucks, and buses launched by Farizon at the forum are a microcosm of Inner Mongolia's development of new energy commercial vehicles. These products not only cover scenarios such as trunk logistics, short-distance transportation, urban delivery, engineering vehicles, and urban public transportation, but also become the best solutions for new energy commercial vehicles in cold northern regions due to their excellent economy, environmental protection, applicability, and reliability. In particular, Farizon's methanol-hydrogen electric heavy-duty truck named Homtruck has successfully completed an extreme mileage challenge of 1,522.9 kilometers from Wuwei, Gansu province to Turpan, Xinjiang Uygur Autonomous Region, using a tank of green methanol.

Furthermore, Inner Mongolia has made significant progress in green methanol production. The first phase of the Alashan 500,000-ton annual green methanol project, with an initial capacity of 100,000 tons, has officially kicked off. Utilizing Geely's core green methanol production technology, the project synthesizes green methanol by coupling hydrogen produced from electrolyzed water with industrially captured carbon dioxide, achieving the recycling of carbon resources. The successful implementation of this project not only provides strong support for Inner Mongolia's green transformation but also offers a best-practice example for the development of the methanol economy nationwide.

In terms of policy support, Inner Mongolia also demonstrates strong determination and action. According to the Finance Department of the Inner Mongolia Autonomous Region, in 2024, Inner Mongolia secured 4.699 billion yuan in central financial subsidies for renewable energy electricity prices, effectively supporting the increase in wind power, photovoltaic, and biomass power generation across the region and promoting the consumption of renewable energy. Additionally, the Finance Department of the Inner Mongolia Autonomous Region has allocated special funds for the development of key industries, industrial parks, and scientific and technological innovation to support the industrial transformation and upgrading and research projects in new energy, new materials, energy conservation, environmental protection and other fields.

Looking ahead, Inner Mongolia will continue to use new energy such as green methanol as a breakthrough to promote the high-quality development of the energy industry. Inner Mongolia will strive to optimize and upgrade its energy structure and achieve green and low-carbon development with measures such as building a green methanol system, promoting methanol-hydrogen electric commercial vehicles, and strengthening the development and application of green methanol production technologies.

Inner Mongolia's innovation and breakthroughs in the new energy sector have not only injected new impetus into its own development but also provided valuable reference and inspirations for energy transition and sustainable development in China and worldwide. On the path of innovation and sustainability, Inner Mongolia is moving forward with confident strides.

Hashtag: #China #Mongolia

The issuer is solely responsible for the content of this announcement.

News from Asia

Highbrow Unveils Its New Beauty Salon at The Adelphi

SINGAPORE - Media OutReach Newswire - 27 June 2025 - HighBrow, one of Singapore’s most trusted names in brow, lash, and nail care, is thrilled to announce the launch of its new beauty salon at The...

Cyberport 5 as Hong Kong's New I&T Landmark

Driving Emerging Strategic Industries Development Heralding a New Chapter in Integration of I&T and the Community HONG KONG SAR - Media OutReach Newswire - 27 June 2025 - The Cyberport ...

VinFast signs dealer financing cooperation agreement with BCA

JAKARTA, INDONESIA - Media OutReach Newswire - 27 June 2025 - VinFast has officially entered into a pivotal financial partnership with PT Bank Central Asia Tbk. (BCA), one of Indonesia's leading p...

Food Expo PRO and Hong Kong International Tea Fair Return in August with New Coffee Zone and Expanded Halal Sector

HONG KONG SAR - Media OutReach Newswire - 27 June 2025 - Organised by the Hong Kong Trade Development Council (HKTDC), the Food Expo PRO and Hong Kong International Tea Fair will be staged concurr...

Food Expo PRO and Hong Kong International Tea Fair: One-Stop F&B Platform Returns in August

Spotlighting Food Science & Tech HONG KONG SAR - Media OutReach Newswire - 27 June 2025 - Organised by the Hong Kong Trade Development Council (HKTDC), the Food Expo PRO and Hong Kong Internat...

The best CFD broker 2025': Octa receives yet another award

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 27 June 2025 - Octa, a globally regulated and trusted broker since 2011, was recently named 'The best CFD broker 2025' by the AllForexRating.com...

DHL Express completes the modernization of its Air Hong Kong-operated fleet to boost Asia Pacific network capacity and fuel efficiency

14 A330 freighters in total have been added to the regional network, retiring the previous A300-600F fleet This is part of DHL Express's ongoing investment to enhance its network ...

Rethinking Obesity: Novo Nordisk’s Latest Initiative Urges Singaporeans to Treat, Not Blame

“Beyond the Scale” focuses on obesity as a chronic disease — urging empathy, early intervention, and evidence-based care. SINGAPORE - Media OutReach Newswire - 27 June 2025 - Imagine a chronic dis...

Trend Micro to Deliver AI Factory with Dell and NVIDIA for Secure Infrastructure at Scale

Platforms to accelerate secure AI adoption for modern IT environments HONG KONG SAR - Media OutReach Newswire - 27 June 2025 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecur...

HKICPA renews its Mutual Recognition Agreement with ACCA

HONG KONG SAR - Media OutReach Newswire - 27 June 2025 - The Hong Kong Institute of Certified Public Accountants (HKICPA) is delighted to announce its renewal of Mutual Recognition Agreement (MRA)...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

THE FINE LINE WITHIN HILARIOUS SIGNAGE DESIGN FAILS

It seems like design failures still occur in today’s modern branding era, despite rigorous rounds of approvals behind the scenes. One signage show...

Deputy Announces Exclusive Global Partnership with Predelo to Bring AI to Shift-Based Businesses

Deputy, the global people platform for shift-based businesses, has announced an exclusive partnership with Predelo, an AI Decision Agent-as-a-Serv...

Leftover Budget? The Last-Minute EOFY Tip to Drive Business Success in FY25/26

The countdown is on. With just days left until EOFY, now’s the time to make your remaining 2024–2025 budget work harder and smarter. After workin...

pay.com.au appoints new CEO and Managing Director

The former COO will lead the company’s next growth phase, with ex-CEO Edward Alder transitioning into the role of Managing Director AUSTRALIA, 25...

Sell by LayBy