On the morning of July 16, the Tianjin Port Free Trade Zone Green Methanol Industry Development Planning Seminar and the 100,000 tons/year biomass green methanol strategic cooperation signing ceremony were successfully held. Luo Jianghua, Chairman of Tianjin Port Free Trade Zone Environmental Investment City Operation Management Group Co., Ltd., Zhongxing Science and Technology Yi Fa, CEO of Tianjin Smart City Operation Services Co., Ltd., Chen Jianmin, General Manager of Engineering Design Tianjin Branch of Sinochem Chemical Science and Technology Research Institute Co., Ltd., Zhang Delong, chairman of Tianjin City Deyu Bioengineering Technology Co., Ltd., jointly signed a four-party strategic cooperation agreement, aiming to give full play to their respective channel, technology and capital advantages to realize the construction of biomass-based methanol in Tianjin's entire industrial chain.

According to the agreement, Tianjin Deyu Biological Company will conduct research on biomass waste recycling, reed bamboo greening project,biomass particlesProduction and processing businesses have in-depth cooperation with Tianjin Insurance and Environmental Investment Corporation to provide a sustainable supply of high-quality biomass raw materials for the implementation of green methanol projects by establishing and improving the carbon footprint of biomass raw materials.