从大安到梨树：国家电投绿色氢基能源的18个月时间轴，绿色甲醇2028年贡献收入From Da'an to Lishu: 18-Month Timeline of State Power Investment Corporation's Green Hydrogen-Based Energy, Green Methanol to Contribute Revenue in 2028

Looking at State Power Investment Corporation's green hydrogen-based energy landscape on a timeline, a clear progressive curve emerges: from the commissioning of the Da'an project in July 2025, to the establishment of the Lishu project in October 2025, and then to Lishu's trial operation at the end of 2027, with green methanol generating revenue in 2028. This is not a scattershot layout, but a 'demonstration—replication—scaling' path of industrial upgrading. This article uses a timeline as its backbone to break down the key nodes of this green methanol mainline, showing how a state-owned energy enterprise turns decarbonized fuels from a PPT into cash flow.

July 2025: Da'an sets the benchmark as the 'world's first'

The starting point on the timeline is July 26, 2025, when the Da’an Fengguang integrated demonstration project for green hydrogen and ammonia synthesis began trial operation and production. It set six “world records”: the largest single-phase production of green ammonia globally, the largest-scale alkali and PEM mixed water electrolysis hydrogen production, the largest-scale direct current microgrid hydrogen production, the largest-scale solid-state hydrogen storage, and the world’s first certification of “non-biological renewable fuel ammonia” (ISCC EU RFNBO Ammonia). By September 2026, nearly one hundred electrolyzers at the plant had been operating continuously and stably for nearly five months, producing over 30,000 tons of green ammonia in total, with 3,750 tons successfully exported to South Korea, completing the full process of “production—port collection—customs clearance—ocean shipping.” Da’an proved the operational feasibility of the integrated “green electricity—green hydrogen—green ammonia” model and also obtained the key for mandatory market access in the European Union.

October 2025: Lishu project was approved, investing 4.92 billion yuan in Jilin.

On October 27, 2025, State Power Investment Green Energy announced plans to invest in the construction of the Lishu Green Methanol Innovation Demonstration Project, with a total investment of 4.92 billion yuan. The project focuses on the dual tracks of 'renewable energy' and green hydrogen-based energy: on the renewable energy side, wind power installed capacity will reach 400,000 kW, with supporting 10MW/20MWh energy storage; on the chemical side, a 200,000-ton methanol synthesis unit will be built. The core is the coupling of 'wind power to green hydrogen and biomass gasification to synthesis gas,' with water electrolysis hydrogen production at a scale of 32,000 Nm³/h, annual consumption of 700,000 tons of biomass such as corn stalks, and annual production of 197,200 tons of green methanol (up to 200,000 tons). It is expected to reduce carbon dioxide emissions by 300,000 tons and achieve an output value of about 1 billion yuan. From Daan's 'ammonia' to Lishu's 'alcohol,' State Power Investment has further expanded the range of decarbonized fuels and turned agricultural waste into raw material for shipping fuel. From January to May 2026: EPC contracting to the first batch of concrete poured.

The timeline enters 2026, and pear trees accelerate. In January, the chemical EPC was preliminarily bid by the National Nuclear Power Institute at 204.96 million yuan; by the end of May, the first concrete pour was completed, and the project fully entered the main construction phase. According to disclosures from the Siping City Development and Reform Commission, nearly 60% of the civil engineering work in the front area of the chemical plant has been completed, and biomass collection and storage have secured resources and site planning. Disclosures in September show that investment in the chemical sector has exceeded 40%, and by the end of the year, the manufacturing and installation of core long-cycle equipment such as methanol synthesis towers and gasifiers will be completed, with plans for full construction and production by 2027. This month-by-month progress is a sign of a demonstration project moving towards engineering, and also reflects how a central enterprise translates its strategy into tangible work output.

September 2026: Pilot approved, and the Northeast–Yangtze River Delta corridor is opened.

In September 2026, the second national batch of comprehensive hydrogen energy application pilots was announced. The Northeast (including eastern Inner Mongolia)–Yangtze River Delta hydrogen energy pilot city cluster was approved, with Siping, as a core sector, primarily responsible for large-scale green ammonia supply. Coupled with the previous cooperation agreements for green methanol consumption between China Power Green Energy and COSCO Shipping, the memorandum of understanding for green ammonia procurement with South Korean companies, and cooperation agreements with EDF of France and Itochu of Japan, the 'export outlet' for Lishu products has been basically secured. The company has clarified a 'three-line' layout: the Three North line focuses on resources and costs, the Yangtze River line focuses on domestic demand and consumption, and the Coastal line focuses on export and high-end markets, forming a 'two horizontal, one vertical' development pattern, aligning project clusters with market demand geographically in advance.

2027–2028: From trial operation to realization of revenue

The endpoint of the timeline is realization. The Pear Tree project is scheduled for trial operation by the end of 2027, and the green methanol product line will officially contribute to revenue in 2028. The company's timeline is clear: capacity ramp-up and market expansion at Da'an in 2026, completion of Pear Tree by the end of 2027, and over the next 2–3 years, as capacity utilization improves and international carbon policies are implemented, green hydrogen-based energy will gradually enter large-scale development. My assessment: when green certification barriers (ISCC EU) meet the EU carbon border adjustment, the 'green premium' of green methanol will turn from a concept into cash flow. State Power Investment Corporation is expected to leverage its first-mover project portfolio to occupy a supply stronghold in China and even the Asia-Pacific in the maritime decarbonized fuel sector, turning 'green' into reportable revenue. Horizontal comparison: with China Energy Construction Songyuan's 'co-opetition in the same track'.

Outside of Lishu, other large-scale projects on the same track are also progressing. The Zhongneng Construction Songyuan Hydrogen Energy Industrial Park (green hydrogen-ammonia-methanol integration) plans a total installed capacity of 1,600 MW (1,480 MW wind power, 120 MW photovoltaic), an electrolysis hydrogen production scale of 126,000 Nm³/h, with a total of 126 sets of 1,000 Nm³/h alkaline electrolyzers, and a total investment of 29.6 billion yuan, to be built in three phases producing 600,000 tons of green synthetic ammonia and 60,000 tons of green methanol. Unlike Lishu's 'wind power and biomass' approach, Songyuan leans more toward 'large-scale wind and solar chemical' integration. With the two major projects located to the north and west, complementing each other's paths, they jointly boost China's supply base of green hydrogen-based energy from the 'ten-thousand-ton level' to the 'million-ton level,' also providing a predictable domestic supply source for decarbonized fuels in shipping and chemical industries.