On the morning of April 12, the project of annual production of 1 million tons of fuel methanol and methanol fuel for vehicles invested by Hainan Kaisheng Industrial Investment Co., Ltd. was started. According to reports, the project will invest 840 million yuan, and the planned construction period will be 14 months. After the project is put into production, annual sales income will be 7.66 billion yuan, and profits and taxes will be 355 million yuan. Zhao Xianchao, chairman of Hainan Kaisheng Industrial Investment Co., Ltd., said that the project of annually producing 1 million tons of fuel methanol and methanol fuel for vehicles mainly adopts the international advanced oil product online reconciliation technology and uses non-petroleum-based alcohol liquids (methanol or non-food). Ethanol) blended with the national standard gasoline and diesel, to replace the traditional petroleum liquid fuel while achieving environmental protection. The project is a new type of clean energy project that the country has focused on and will play an active role in promoting the development of clean energy applications in Hainan.
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