On January 26, 2026, the Poyang County Government signed a cooperation agreement with China Coal Xinji (Jiangxi) New Energy and China Shipbuilding Science & Technology, officially advancing an integrated wind power-to-hydrogen-to-green methanol project with a total investment of 4.5 billion yuan, injecting momentum into Poyang's green transformation and Jiangxi's new energy development.
Representatives from the government and enterprises attended the signing ceremony. Wang Zonghua, County Mayor of Poyang, stated that the county would provide the optimal business environment to ensure project advancement, promote early implementation and results, and jointly build a demonstration project for integrated new energy development.
According to the agreement, leveraging Poyang's abundant wind resources, the project will construct a 500,000 kW wind power project, supporting facilities with an annual production capacity of16,500 mt of green hydrogen and150,000 mt of green methanol, with a total investment of 4.5 billion yuan. It adopts an all-green electricity technical route of "wind power-electricity-hydrogen-methanol," establishing a closed-loop industry chain and addressing the local consumption of wind power.
The three parties established a "government + central state-owned enterprise + publicly listed firm" collaboration model: Poyang County provides policy and resource support; China Coal Xinji leads project investment and operation; China Shipbuilding Science & Technology offers core technical support and expands the application market for green methanol in shipping.
Upon completion, the project is expected to yield significant benefits, with an annual power generation of approximately 1.2 billion kWh, carbon reduction exceeding 900,000 mt, creation of numerous jobs during construction and operation, and annual tax contributions exceeding 200 million yuan. It will drive Poyang's transformation into a strong county in the new energy industry, establish a central China base for new energy fuel manufacturing, and provide a demonstration for the "dual carbon" goals.
The project will be implemented in two phases, with the first phase expected to commence operation by the end of 2027 and the second phase to be completed in 2029. After implementation, it will synergize with China Coal Xinji's projects in multiple locations, enhancing the national network of green methanol production sites and promoting its commercial application.
