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2023

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Potential new energy - methanol fuel

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The Action Plan for Carbon Peak before 2030 issued by the State Council clearly requires that the use of non-fossil energy should reach 25% by 2030, and actively expand the application of clean energy, including hydrogen energy, in the field of transportation.

Shanghai is currently carrying out research and development of low-carbon and zero-carbon marine engines, striving to develop methanol engines in 2024 and achieve demonstration application on ships in 2025. Relevant experts said that marine engines will speed up the green and low-carbon transformation, and the dual-fuel power based on LNG has gradually become the mainstream of the market, and is expected to gradually develop to methanol, ammonia and biomass fuel and other dual-fuel power in the future. For example, methanol is a green fuel that can achieve carbon neutrality, and has good economy, safety and availability. It is one of the ideal fuels for marine power to achieve the goal of low carbon and zero carbon. The methanol substitution rate can reach more than 95%, and its power and thermal efficiency are equivalent to diesel engines.

China is actively exploring new ways and means of replacing fossil fuels such as green hydrogen, methanol and ammonia, which can be applied to the field of new energy vehicles.