Global green fuel substitution effect, methanol prices have surged over 70% since the beginning of the year.

Sina Finance News on March 30th, domestic green fuel industry is also driving the development of related equipment manufacturing industry. It was learned during interviews that currently, the global substitution effect of green fuels is emerging, with overseas orders for domestic hydrogen equipment companies growing rapidly and their competitiveness steadily increasing. In Hefei, Anhui province, a large-scale hydrogen energy equipment manufacturing company's orders are already booked until the end of the year, with a significant increase in order volume expected this year. Industry insiders indicate that domestic green fuel demonstration projects have improved the technical capabilities of domestically produced hydrogen equipment. At the same time, the value and importance of global green fuels are further increasing. For example, the price of methanol has increased by 72% from the beginning of the year. The substitution effect of green methanol is becoming apparent, leading to increased investment enthusiasm. With over 8GW of global green fuel projects in the pipeline, domestic hydrogen equipment companies are poised to seize this market opportunity. Experts believe that with the advantage of the entire industry chain, China has the potential to take the lead in global green fuel industry competition in the future.