Press Releases

The global green methanol market was USD 0.23 billion in 2022 and is expected reach USD 4.20 billion by 2030 with a CAGR of 49.64% during the forecast period, i.e., 2023-2030. Green methanol is a sustainable variant of methanol produced from renewable resources, typically using carbon dioxide (CO2) captured from the atmosphere or industrial processes, along with hydrogen generated from green energy sources like wind or solar power. The rising global focus on decarbonization and the transition to cleaner energy alternatives is driving the demand for green methanol. Governments and industries seek to reduce carbon footprints, and green methanol offers a viable solution for cleaner fuel in sectors like transportation and industry; however, several challenges exist for the growth of the global green methanol market. One major hurdle is the scalability of green methanol production, as the technology is still evolving and needs further investment to become economically competitive. Infrastructure development, regulatory frameworks, and the availability of renewable energy sources also impact the market's expansion. Overcoming these challenges is crucial for green methanol to play a significant role in the sustainable energy landscape.

In November 2023, SunGas Renewables announced that it will supply green methanol for ABEL Energy's $1.4-billion Bell Bay Powerfuels Project in Northern Tasmania. The facility is aiming to produce 300,000 tonnes of green methanol annually, three times Australia's current consumption, contributing to a reduction of 540,000 tonnes of carbon dioxide yearly. Johnson Matthey will provide key technologies for the project as the initiative requires 240 MW of electrolysis for green hydrogen production, emphasizing the demand for advanced methanol synthesis and biomass gasification technologies to support sustainable energy goals. SunGas Renewables' System 1000 converts wood fiber into renewable syngas for biofuel production at the Bell Bay facility.

Browse 75 market data Tables and 45 Figures spread through 226 Pages and in-depth TOC on "Green Methanol Market, by Methanol Type (Bio methanol and E-methanol), by Application (Fuel, Chemical Feedstock, and Other Applications), by End-Use Industry (Transportation/Mobility, Chemical Industry, Power Generation, and Other End-Use Industry), and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) - Global Forecast to 2030

By methanol type, bio methanol dominates the global green methanol market.

Based on the methanol type, the global green methanol market is segmented into bio methanol and e-methanol (renewable methanol). Bio-methanol dominated the market in 2022 due to its its sustainable sourcing from organic materials, aligning with the growing emphasis on eco-friendly alternatives. Utilizing biomass, such as agricultural residues or forestry by-products, reduces reliance on fossil fuels. Leading companies like BioMCN in the Netherlands and Enerkem in Canada have successfully implemented biomethanol production, demonstrating its viability. Biomethanol's role in circular economy models, coupled with its lower carbon footprint, positions it as a key driver in the transition towards greener and more sustainable methanol production. 

“Europe dominated the global green methanol market in 2022.”

Europe leads the global green methanol market due to its robust policies promoting renewable energy and stringent environmental regulations. The European Union's commitment to carbon neutrality by 2050 accelerates the demand for sustainable methanol. Initiatives like the Advanced Methanol project in Sweden and collaborations between companies like Carbon Clean Solutions and Avantium in the Netherlands showcase Europe's leadership. Strong governmental support and a proactive private sector contribute to Europe's pivotal role in advancing green methanol technologies and market adoption.

Some of the major players in the global green methanol market include BASF SE, Carbon Recycling International (CRI), OCI N.V., A.P. Moller – Maersk, Södra, Enerkem, GIDARA Energy, Nordic Green ApS, WasteFuel, Glocal Green, Methanex Corporation, Mitsubishi Gas Chemical Company, Inc. (MCG), European Energy, Eni S.p.A., Liquid Wind AB, Synhelion SA, HIF Global, ABEL Energy Pty Ltd., and Southern Green Gas Limited.

Global Green Methanol Market Coverage (By Value)

• Methanol Type Insight and Forecast 2018-2030

• Bio Methanol

• E-Methanol

• Application Process Insight and Forecast 2018-2030

• Fuel

• Chemical Feedstock

• Other Applications

• End-use Industry Process Insight and Forecast 2018-2030

• Transportation/Mobility

• Chemical Industry

• Power Generation

• Other end-use industry

Geographical Segmentation

Global Green Methanol Market by Region

• North America

• By Methanol Type

• By Application

• By End-use Industry

• By Country – U.S., Canada, and Mexico

• Europe

• By Methanol Type

• By Application

• By End-use Industry

• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

• Asia-Pacific (APAC)

• By Methanol Type

• By Application

• By End-use Industry

• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

• South America

• By Methanol Type

• By Application

• By End-use Industry

• By Country – Argentina, Brazil, Chile, and Rest of South America

• Middle East and Africa

• By Methanol Type

• By Application

• By End-use Industry

• By Country – Saudi Arabia, U.A.E, South Africa, and Rest of Middle East and Africa