The global Green Methanol Market is projected to grow significantly, from USD 2.59 billion in 2025 to USD 11.18 billion by 2030, at a robust CAGR of 34.0%, as per a new market forecast. This growth is fueled by the urgent global push to lower greenhouse gas emissions and tackle climate change, with green methanol gaining traction as a sustainable substitute for fossil fuel-derived methanol.
Green methanol, produced using biomass, green hydrogen, and carbon capture and storage (CCS), is being increasingly adopted in chemical feedstocks and fuel applications, including maritime, aviation, and industrial sectors. Favorable government policies, renewable energy mandates, and international climate goals are further propelling market demand and innovation.
Key industry players include:
- Enerkem Inc. (Canada)
- Carbon Recycling International (Iceland)
- Methanex Corporation (Canada)
- Proman (Switzerland)
- Södra (Sweden)
Recent Developments:
- Feb 2025: Mitsubishi Gas Chemical & Element 1 Corp. partnered to develop scalable methanol-to-hydrogen generators.
- Oct 2024: Carbon Recycling International expanded its E-methanol plant footprint in China via a deal with Taoving Group.
- Sep 2024: Methanex acquired OCI Global’s international methanol business for $2.05 billion, boosting its low-carbon methanol capabilities.
- May 2024: SunGas Renewables and C2X LLC collaborated to grow green methanol production in North America.
North America leads in market growth, supported by initiatives like the Clean Fuel Standard (Canada) and the Renewable Fuel Standard (US). Widespread applications in sustainable aviation fuel, carbon capture integration, and hybrid electric systems reinforce the region’s dominance and innovation edge