One of China’s most remote municipalities has signed a 14.2bn-yuan ($1.97bn) contract that will see developer Guofa Chengtou Energy Development build a large green hydrogen-to-methanol project within its borders.
The deal, agreed by authorities in the city of Wusu (also known as Usu), in the far north of China’s northwestern Xinjiang region, will see the construction of a 2.2GW wind farm supplying power to an estimated 250MW of electrolysers.
These will produce 24,700 tonnes of green hydrogen a year that will in turn be synthesized into 300,000 tonnes of renewable methanol annually with a value of about 1.2bn-yuan, according to the authorities in Wusu.
A newly formed Wusu-based subsidiary of Shaanxi-headquartered Guofa Chengtou has already issued an EPC (engineering, procurement and construction) tender for the project.
Wusu is more than 3,000km from Beijing and situated in Tacheng prefecture, which is on the border with Kazakhstan.
