China International Capital Corporation: Optimistic on China's Development Trend of Green Methanol as a Shipping Decarbonization Fuel

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CICC Research Report on March 13: Global shipping companies are expected to continue strengthening their carbon reduction efforts driven by policies or spontaneous initiatives. Meanwhile, China’s development of green fuels, represented by green methanol, helps promote the non-electric utilization of new energy and ensures energy security. The trend of China developing green methanol as a shipping decarbonization fuel is promising, and green methanol projects that can attract high-quality overseas clients are likely to benefit first. Companies involved in the early construction and deployment of green methanol capacity, as well as those securing orders in new energy equipment and green power operations, are optimistic. CICC believes that in the next 1-2 years, green methanol may still face supply shortages, but this will also test project order locking and production stability.

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