Geely continues to pursue methanol-powered vehicles30. September 2021
Chairman Li Shufu made the announcement in mid-June at an industry conference in Chongqing, China. Zhejiang-based Geely Group, among a manageable number of other manufacturers, is developing methanol-powered vehicles. The company is currently testing methanol taxis in some cities in western China and is working on methanol trucks at its commercial vehicle division. Chairman Li said Geely has invested in Icelandic company Carbon Recycling International, which is researching methods to produce methanol from carbon dioxide. Increased investments indicate growing need for manufacture and import of components and equipment, of which many need mandatory CCC certification. Geely Group, which acquired Volvo Cars and owns a 9.7 percent stake in Daimler AG, hopes the investment will reduce its CO2 emissions.
Fuel from methanol could further increase China’s independence in energy sources. The country has large coal deposits that can be converted into methanol. Li also expects methanol-powered vehicles to emit fewer emissions than gasoline or diesel vehicles. Therefore, Geely will continue to expand production of methanol-powered vehicles. CRI, an offshoot of Geely, is planning the world’s largest low-CO2-emission methanol plant in Henan. The plant’s annual capacity is expected to be 110,000 tons.
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