2025, the world's first 100-million-ton liquid sunlight green methanol manufacturing project was cancelled. The specific reasons for the revocation were not disclosed. The total investment of the project is 18.53 billion yuan. In the first phase of the project, a demonstration project with an annual output of 500,000 tons of green low-carbon methanol will be completed, and in the second phase, a project with an annual output of 5 million tons of green low-carbon methanol will be completed. The long-term plan is to form an annual production capacity of 100 million tons of green low-carbon methanol. The investment company of the
project is a joint venture established by Zhejiang Alcohol Hydrogen Green Energy Technology Co., Ltd., Yunda South-to-North Water Transfer Group New Energy Co., Ltd., Alashan Energy Co., Ltd., and Zhejiang Alcohol Hydrogen Green Energy Technology Co., Ltd. is jointly established by Li Shufu and his partners.