Alcohol Hydrogen Technology won the Asia-Pacific Investment Potential Award

On July 1, the 2024 First Asia-Pacific Innovation and Development Exchange Conference hosted by Cailianshe was held in Singapore. As a green transportation ecosystem that conforms to the development direction of China's new quality productivity, Alcohol Hydrogen Technology, a subsidiary of Yuancheng New Energy Commercial Vehicle Group, won the Asia-Pacific Investment Potential Award.
This exchange conference has received extensive attention from representatives from all walks of life in China and Singapore, government officials, members of Business China Entrepreneurs, investment institutions, and academic representatives. The establishment of the Asia-Pacific Investment Potential Award aims to help investors discover the most competitive and investment-worthy potential companies in the current market. Alcohol Hydrogen Technology's award marks that it has further gained the favor of the capital market and investors. In January this year, Alcohol Hydrogen Technology announced the completion of its first round of financing of US$100 million. On the basis of the coordinated development of the two markets of capital and products, it comprehensively accelerated the layout of the alcohol hydrogen ecological industry.
 
Although hydrogen has clean emissions, it is difficult to store and transport and has high costs. Its current application relies more on government subsidies. Therefore, it is particularly important to explore a third path that is more in line with my country's national conditions and energy transformation direction besides electricity and hydrogen. Since methanol is liquid at room temperature and pressure, it is convenient, safe and low-cost to store and transport, and it is one of the substances with the highest hydrogen storage density. Therefore, it is also known as liquid "electricity" and liquid "hydrogen". At the same time, China is the world's largest methanol producer and user, with methanol production capacity accounting for 60% of the world. It is independently controllable and is widely regarded as a "super fuel" in the industry to solve the energy security and dual carbon problems. Geely has been deeply involved in the methanol field for nearly 20 years, investing more than 30,000 methanol vehicles, with a cumulative mileage of nearly 20 billion kilometers. Compared with passenger cars, commercial vehicles have the characteristics of "high energy consumption and high emissions". Although the number of vehicles is small, they consume 51% of China's automotive gasoline and diesel, produce 56% of all automotive carbon dioxide, and emit 80% of all automotive PM pollutants. The transformation of commercial vehicles to new energy has become a top priority for carbon reduction and emission reduction in the transportation industry. However, due to the complex and diverse usage scenarios of commercial vehicles, a single energy source is difficult to meet the operational needs of users. After years of market verification, methanol has become the optimal solution for the transformation of commercial vehicles to new energy due to its wide applicability and excellent environmental protection.

Relying on Geely's technology accumulation, Yuan Yuan, as China's first commercial vehicle group focusing on the new energy field, has forward-looking layout and created a strategic technology route with alcohol-hydrogen electric characteristics, achieving 1.8L-15L alcohol-hydrogen engine displacement and 100-600 horsepower. Full coverage, we have developed multiple power types such as alcohol-hydrogen electric, alcohol-hydrogen-electric integrated, etc., which can meet the full scene coverage from plains to plateaus, from Mohe to Turpan. Compared with pure electric vehicles, alcohol-hydrogen electric vehicles effectively solve the vehicle's disadvantages in terms of battery life and energy replenishment, and improve operating efficiency. This advantage is even more significant in the cold northern regions: In December last year, Yuanxing Xinghan H alcohol-hydrogen electric vehicles The tractor successfully completed the cold zone challenge of 1,341 kilometers from Heihe to Changchun with only one box of green methanol. Alcohol-hydrogen electric vehicles are the development direction of the new generation of electric vehicles.

In addition to a complete product layout, opening up all aspects of application scenarios is a key factor in effectively promoting alcohol-hydrogen commercial vehicles to better market. To this end, alcohol-hydrogen technology is deployed remotely, focusing on the coordinated development of green alcohol preparation, methanol filling, and alcohol-electric vehicles, to build a diversified green methanol transportation capacity ecosystem. In the field of methanol preparation, create a new green methanol process and prepare green methanol through carbon dioxide hydrogenation technology: In February last year, the world's first 100,000-ton green methanol preparation plant was officially put into operation in Anyang. It is China's first and the world's largest carbon dioxide The hydrogenation to green methanol plant can absorb 1.375 tons of carbon dioxide for every ton of green methanol produced, marking the birth of the Chinese model of green alcohol preparation. During the Hangzhou Asian Games, the green methanol prepared by the Anyang Methanol Factory became the main torch fuel, powering the Asian Games main torch that used waste carbon regeneration and full-link carbon neutrality for the first time in history.
At the same time, Alcohol Hydrogen Technology is also actively exploring the ecological model of green methanol based on wind power and photovoltaics: relying on Alxa’s 1.3 billion kilowatts of wind and photovoltaic power resources, it can produce 300 million tons of green methanol annually. If used by half of the country’s trucks, It can reduce oil imports by more than 200 million tons, equivalent to five Daqing oil fields.

The development of Alcohol Hydrogen Technology not only provides new ideas for the green transformation of the transportation industry, but also creates a practical case that focuses on green ecological construction and promotes sustainable development. In the future, Alcohol Hydrogen Technology will further strengthen upstream and downstream strategic collaboration and provide solutions that demonstrate Chinese wisdom for global energy transformation.
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China Special Vehicle Adivsor