Green Hydrogen Project Tracking—Guodian Ningbo's Annual Production of 1.5 Million mt Green Methanol Project in Baotou City

Guodian Ningbo Recently Signed an Agreement for the Annual Production of 1.5 Million mt of Green Hydrogen Methanol Project in Baotou City

I. Project Overview

• Project Name: Annual Production of 1.5 Million mt of Green Hydrogen Methanol Project
• Signing Date: January 26, 2025
• Signing Parties: People's Government of Baotou City, People's Government of Damao United Banner, and Guodian Ningbo Wind Power Development Co., Ltd.
• Project Location: Damao Banner, Baotou City, Inner Mongolia Autonomous Region
• Investment Entity: Guodian Ningbo Wind Power Development Co., Ltd. (a wholly-owned subsidiary of Guodian Power Development Co., Ltd. under China Energy Group)

II. Project Details

• Project Scale: Annual production of 1.5 million mt of green hydrogen methanol
• Project Positioning: Aiming to establish an integrated industrial park for the production, storage, transportation, sales, and application of green hydrogen methanol
• Estimated Annual Sales Revenue: Approximately 9 billion yuan

III. Project Background and Advantages

• Baotou City's Hydrogen Energy Industry Advantages: Baotou City possesses excellent conditions for the entire hydrogen energy chain, including hydrogen production, storage, transportation, and utilization, providing a solid foundation for the development of the hydrogen energy industry.
• Strength of Guodian Ningbo Wind Power Development Co., Ltd.: The company specializes in the development, investment, and operation of wind, solar, and other new energy power generation projects, with extensive experience in new energy project development and operation.
• Foundation of Cooperation Between the Two Parties: The two parties have formed a close partnership in the integrated field of wind power and hydrogen methanol, adhering to the principles of complementary advantages, resource integration, and mutual development. They have established a dedicated team for the hydrogen energy industrial park to jointly promote project implementation.

IV. Project Progress

• Signing Ceremony: On January 26, 2025, the People's Government of Baotou City, the People's Government of Damao United Banner, and Guodian Ningbo Wind Power Development Co., Ltd. held a signing ceremony for the annual production of 1.5 million mt of green hydrogen methanol project.
• Follow-Up Plans: The project is expected to be invested and constructed in Damao Banner. Specific construction progress and plans have not yet been disclosed, but it is anticipated to be gradually advanced and implemented in the coming years.