January 29th News: On January 26th, the Inner Mongolia Gemeng Nuo Jin Hydrogen Energy Technology Co., Ltd. Xilingol Gemeng Duolun County Green Hydrogen-to-Ammonia-to-Methanol Integrated Project was filed. Phase I involves the construction of an annual production capacity of 62,200 tons of green hydrogen, 348,000 tons of synthetic ammonia, and supporting equipment. Phase II involves the construction of an annual production capacity of 69,500 tons of green hydrogen, 348,000 tons of synthetic ammonia, 176,700 tons of methanol, and supporting equipment. Chempricehub Analysis: Green Hydrogen, Bull-Bear Score: -1 The project adds annual production capacities of 62,200 tons and 69,500 tons of green hydrogen in Phase I and Phase II, respectively, significantly increasing market supply. As a green hydrogen commodity, supply expansion may exert downward pressure on spot prices, particularly in the context of increased supply in the Inner Mongolia region. If demand does not grow correspondingly, this will generally have a bearish impact. Synthetic Ammonia, Bull-Bear Score: -1 The project adds a combined annual production capacity of 696,000 tons of synthetic ammonia in Phase I and Phase II, substantially boosting supply. As a raw material for fertilizers and chemical production, increased market supply may suppress spot prices, especially under the current trend of capacity expansion. With relatively stable demand, this creates a generally bearish pressure. Methanol, Bull-Bear Score: -1 Phase II of the project adds an annual production capacity of 176,700 tons of methanol, with increased supply exerting downward pressure on spot prices. Considering methanol futures performance (e.g., the recent closing price of the Zhengzhou Commodity Exchange MA2701 contract at 2,390 yuan/ton, up 17.00 yuan), although the short-term market shows strength, the new capacity will exacerbate the risk of future oversupply, forming a generally bearish impact on futures prices.