On October 13, 2023, the green methanol demonstration project with an annual output of 1 million tons of Mingyang Green Chemical (Chifeng) Co., Ltd. was officially filed and approved with the local Development and Reform Commission, marking the start and acceleration of the project. The planned construction start and end period is 2023. From December to November 2025.

The project filing notice shows that the industrial project filing (development and reform) project of the green methanol demonstration project of Mingyang Green Chemical (Chifeng) Co., Ltd. with an annual output of 1 million tons is in compliance with industrial policies and market access standards and is allowed to be filed.

project situation

Project unit: Mingyang Green Chemical (Chifeng) Co., Ltd.

Construction location: Linxi Industrial Park, Chifeng Nonferrous Metals Development Zone, Linxi County, Chifeng City, Inner Mongolia

Total investment: 6.751.9799 million yuan, including self-owned funds: 6.751.9799 million yuan, application for bank loans: 00,000 yuan, and others 00,000 yuan

Construction scale and content: The total construction area is 186255 square meters. Newly built workshops, factories (180000 square meters) and other supporting ancillary facilities. The project is constructed in two phases, of which a new methanol production line with an annual output of 600,000 tons will be built in the first phase; and a new methanol production line with an annual output of 400,000 tons will be built in the second phase.

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Mingyang Green Chemical (Chifeng) Co., Ltd. was established in September 2023 and is a wholly-owned subsidiary of Linxi County Mingyang New Energy Co., Ltd. The latter is a secondary subsidiary of the listed company Mingyang Smart Energy Group Co., Ltd.(Mingyang Intelligent: 601615.SH).

Mingyang Intelligent was established in 2006 and is headquartered in Zhongshan, Guangdong, China. It was formerly known as Guangdong Mingyang Wind Power Industry Group Co., Ltd. Dedicated to building a supplier of clean energy value chain management and system solutions for the entire life cycle. Ranked 33rd among the top 500 global new energy companies in 2023, ranking first in the global offshore wind power innovation ranking. It has developed into a globally influential smart energy enterprise group.