On 8th March, Wu Sichuan, Secretary of the Party Committee, Chairman, and General Manager of China Merchants Industry Holdings (CMIH),  met with the delegation led by Wu Licheng, member of Party Committee of China Energy Engineering Group (CEEC) and Chairman of CEEC Investment Group in Shenzhen, and witnessed the signing ceremony of a cooperation agreement between CM Energy and Yicheng Green Hydrogen-Ammonia-Methanol Energy Co. Ltd.. Mei Xianzhi, Deputy General Manager of CMIH and Chairman of CM Energy, also presented in the event.

Wu Sichuan extended a warm welcome to the CEEC delegation and outlined the strategic direction of China Merchants Group (CM Group) and CMIH's core business pillars. He emphasized that CMIH, aligned with CM Group's priorities, is leveraging its integration into the group's science and technology sector to accelerate its “third entrepreneurship” through innovation-driven industrial upgrading. Mr. Wu highlighted that CMIH will support CM Energy to capitalize its equipment manufacturing strengths, particularly in hydrogen production technologies, to achieve breakthroughs in green energy and contribute to CM Group's emerging industries.

After expressing gratitude for CM Group, CMIH, and CM Energy's trust and support, Wu Licheng introduced CEEC’s background and business segement and strategy of CEEC Investment Group. He also briefed the attendees on CEEC's role as a national team and main force in energy, water conservancy, water affairs, and infrastructure construction. He detailed CEEC Investment Group's “1331” strategy, , prioritizing energy and power as its core business while expanding into five key areas: hybrid energy systems, source-grid-load-storage integration, transportation-energy convergence, hydrogen-ammonia-methanol-oil projects, and smart computing centers.

The signed agreement formalizes CM Energy's partnership with Yicheng Green Hydrogen-Ammonia-Methanol Energy to advance green methanol production. The collaboration will integrate Huaxia Hydrogen's novel hydrogen production equipment and expand CM Green Energy's potential capability on green methanol .

Cheng Xiang, Deputy General Manager of CEEC Central China Regional Headquarters; Zhao Peng, Deputy Chief Engineer of CEEC Investment Group and Head of its New Energy Investment Division; Liu Yingping, Chairman of Wuhan Zhongyu Power System Technology Co., Ltd., and Li Xiao, its Chief Technology Officer; Huang Lin, Director of Xiangyang Zhongyu Comprehensive Green Hydrogen Energy Operation & Management Co., Ltd.; and representatives from CEEC Investment, Yicheng Green Hydrogen-Ammonia-Methanol Energy, and CM Energy also participated the event.

Hubei Yicheng Green Hydrogen-Ammonia-Methanol Energy, established by CEEC Investment Group, CEEC Central China Investment, Xiangyang Zhongyu Comprehensive Green Hydrogen Energy, and Yicheng State-Owned Capital Investment & Operation Group,  involves multiple fields such as biomass fuel processing, research and development of biomass liquid fuel production processes, and research and development of emerging energy technologies. Its Yicheng Biomass Gasification-Green Hydrogen-Green Methanol Project was filed at the end of 2024, aiming to produce 200,000 tons of green methanol annually, reducing carbon emissions by about 340,000 tons. The project serves as a demonstration for advanced liquid fuel innovation and application.