The global green methanol market is expected to grow significantly, increasing from USD 2.59 billion in 2025 to USD 11.18 billion by 2030. This growth represents a CAGR of 34.0% over the forecast period. The report provides access to critical information such as green methanol market growth drivers, market growth restraints, current market trends, the market’s economic and financial structure, and other key market details.Green methanol, also referred to as renewable methanol, is a low-carbon chemical produced through sustainable processes. It can be classified into two main types: bio-methanol and e-methanol, based on the green feedstock used in production.
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From 2025 to 2030, the biomass segment will be the largest, by volume, in the green methanol market.
The biomass segment is a rapidly growing component of the green methanol market, leveraging a range of organic materials such as agricultural residues, forestry waste, and municipal solid waste. Biomass is a renewable resource that can be replenished consistently, ensuring a reliable supply for methanol production. Furthermore, government incentives for using renewable resources like biomass make the production of biomethanol economically attractive. Compared to other renewable sources, such as hydrogen derived from electrolysis, biomass is often a more cost-effective feedstock.
By application, the fuel segment will be the fastest growing in the green methanol market from 2025 to 2030.
The transportation sector, especially shipping, requires low-carbon alternatives to comply with strict emissions regulations. Green methanol is emerging as a sustainable substitute for conventional fossil fuels. The International Maritime Organization (IMO) has implemented regulations aimed at reducing greenhouse gas emissions, which has increased interest in green methanol as a marine fuel due to its lower emissions compared to traditional bunker fuels. Additionally, government incentives and subsidies for green fuels are promoting the adoption of green methanol as a primary alternative fuel in various applications, including vehicles and ships. Green methanol is a leading option in the transition to a sustainable and low-carbon energy future.
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North America is the leading region in the green methanol market.
North America leads in the green methanol market in terms of CAGR, driven by regulatory support such as Canada’s Clean Fuel Standard and the US Renewable Fuel Standard. Technological advancements, such as Carbon Clean Solutions’ MTJet™ for sustainable aviation fuel, and significant industry collaborations, such as those of Methanex and Gevo Inc., further boost growth. Government funding and incentives, along with growing adoption in the maritime and aviation sectors, underscore the region’s commitment to sustainable energy solutions. Additionally, investments in carbon capture and utilization technologies and the integration of green methanol with hybrid electric systems enhance its appeal across various industries, positioning North America at the forefront of the global green methanol market.
Leading global green methanol manufacturers include Enerkem Inc. (Canada), Carbon Recycling International Inc. (Iceland), Methanex Corporation (Canada), Proman (Switzerland), and Södra (Sweden).
Methanex Corporation
Methanex Corporation produces methanol, which is used in the manufacturing of a range of consumer and industrial products, such as building materials, paints, foams, resins, clothing and textiles, pharmaceutical products, and medical equipment. Its wholly owned subsidiary, Waterfront Shipping Co. Ltd., operates its methanol ocean tanker fleet. The company supplies methanol to petrochemical producers and distributors through its marketing offices in North America (Vancouver and Dallas), Europe (Brussels), Asia Pacific (Hong Kong, Shanghai, Tokyo, Beijing, and Seoul), Latin America (Santiago), and the Middle East (Dubai, UAE).
Methanex Corporation’s operations consist of a single operating segment for the production and sale of methanol. Since 2020, its site at Geismar, US, and its offices in Dallas and Brussels have been certified with the International Sustainability & Carbon Certification (ISCC) to produce and sell bioethanol. It has a vast geographical presence across Asia, Europe, South America, and North America.
Carbon Recycling International Inc.
Carbon Recycling International Inc. is a global leader in converting carbon dioxide into methanol, boasting a production capacity of over 200,000 tonnes of sustainable methanol per year. This achievement makes it the world’s first company to achieve commercial-scale production of methanol from carbon dioxide, marking a significant milestone in the fight against climate change. Its innovative technology provides a transformative solution by turning carbon dioxide into a valuable resource, thereby promoting sustainability.
The company’s commercially successful projects are helping to reduce carbon emissions worldwide and contribute to the rapidly growing market for renewable methanol, which is projected to reach an astounding 400 million tonnes annually by 2050. Not only is the company pioneering CO2 conversion technology, but it is also actively fostering the development of an entirely new sustainable fuel industry.
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Proman
Proman is a leading producer of methanol that is dedicated to developing sustainable methanol and ammonia as cleaner alternatives to fossil fuels. The company actively engages in the production and transportation of methanol. Proman was formed through the merger of two companies, IPSL and Proman AG, based in Trinidad and Tobago.
Sodra
Sodra has started producing bio-methanol at its Mönsterås pulp mill, marking a significant step toward a more sustainable future. The sales of bio-methanol reflect a resource-efficient approach, allowing the company to extract greater value from the raw materials used in its processes.
Enerkem Inc.
Enerkem Inc., a Canadian company, is a leader in green methanol production, generating biofuels from non-recyclable municipal waste using proprietary technology. The company’s Edmonton plant was the first commercial-scale waste-to-methanol facility and is now expanding to larger projects, such as the Varennes Carbon Recycling facility in Quebec and Ecoplanta in Spain. These initiatives aim to produce hundreds of thousands of tonnes of green methanol each year. Enerkem collaborates with Technip Energies and Repsol to optimize its operations. The company’s strong research & development, along with its patented technology, support its efforts to advance the circular economy and decarbonization. Enerkem is also expanding its presence in North America and Europe through strategic partnerships and the establishment of new facilities.
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