The Global Green Methanol Market was valued at US$ 145.1 Million in 2022 and is projected to reach US$ 829.7 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 28.3% during the forecast period. This explosive growth is fueled by stringent global decarbonization mandates, the push for cleaner marine and road transport fuels, and the increasing integration of green methanol into the chemical industry’s value chain.

As the world accelerates its shift towards a circular economy, green methanol is emerging as a cornerstone of the energy transition. Produced from renewable sources like biomass, captured carbon dioxide, and green hydrogen, it offers a versatile pathway to reduce carbon emissions significantly. In this blog, we profile the Top 10 Companies in the Green Methanol Industry—a dynamic mix of established chemical giants, innovative biofuel pioneers, and energy leaders who are building the foundation for a low-carbon future.

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🔟 1. OCI N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Bio-Methanol, Renewable Methanol

OCI N.V. is a global leader in nitrogen products, methanol, and other chemicals, with a rapidly expanding portfolio in green methanol. The company’s Blue and Bio-Methanol initiatives position it at the forefront of producing low-carbon fuels from sustainable feedstocks, serving the maritime and chemical sectors.

Sustainability Initiatives:

• Major production facilities in the US and Europe targeting green methanol

• Strategic partnerships for bio-methane and carbon capture utilization (CCU) feedstock

• Committed to achieving net-zero emissions by 2050

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Green Methanol Market – View in Detailed Research Report

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9️⃣ 2. Methanex Corporation

Headquarters: Vancouver, Canada
Key Offering: Conventional Methanol, Carbon-Neutral Methanol

As the world’s largest producer and supplier of methanol, Methanex is strategically investing in green methanol production to complement its existing assets. The company is leveraging its global logistics and customer network to pioneer the delivery of certified carbon-neutral methanol.

Sustainability Initiatives:

• Development of low-carbon intensity methanol pathways

• Exploration of green hydrogen integration for e-methanol production

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8️⃣ 3. Enerkem

Headquarters: Montreal, Canada
Key Offering: Waste-to-Biofuels and Chemicals (including Methanol)

Enerkem is a leading technology innovator specializing in converting non-recyclable waste into sustainable biofuels and chemicals. Its proprietary gasification process transforms municipal solid waste into green methanol, offering a circular solution to waste management and fuel production.

Sustainability Initiatives:

• Commercial-scale waste-to-methanol facility operational in Canada

• Technology licensed globally to scale waste diversion and biofuel production

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7️⃣ 4. Södra

Headquarters: Växjö, Sweden
Key Offering: Biomethanol from Pulp Production By-Products

Södra, a major Swedish forest owners’ association, is a pioneer in producing biomethanol as a by-product of its pulp manufacturing process. This integrated approach creates a high-value, sustainable fuel from the forest biomass, contributing to a circular bioeconomy.

Sustainability Initiatives:

• World’s first commercial biomethanol production plant at a pulp mill

• Commitment to fossil-free operations and value chains

Download FREE Sample Report:
Green Methanol Market – View in Detailed Research Report

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6️⃣ 5. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Chemical Catalysts, Green Methanol for Chemical Feedstock

BASF, a global chemical giant, is actively involved in the green methanol ecosystem through its advanced catalyst technologies and its own pursuit of sustainable chemical feedstocks. The company’s catalysts are critical for efficient methanol synthesis from syngas, including syngas derived from renewable sources.

Sustainability Initiatives:

• Development of catalysts optimized for CO2-based methanol production

• Integration of green methanol into its “Verbund” system for low-carbon chemical production

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5️⃣ 6. Carbon Recycling International (CRI)

Headquarters: Reykjavik, Iceland
Key Offering: Emission-to-Liquids technology, Renewable Methanol (“Vulcanol”)

CRI is a world leader in the production of renewable methanol from captured carbon dioxide and hydrogen produced with renewable energy. Its proprietary Emissions-to-Liquids (ETL) technology is deployed at the George Olah Plant, one of the first commercial-scale CO2-to-methanol facilities globally.

Sustainability Initiatives:

• Pioneering the commercial production of e-methanol

• Licensing technology for global deployment to reduce industrial emissions

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4️⃣ 7. Alberta Pacific

Headquarters: Boyle, Alberta, Canada
Key Offering: Biomethanol from Forest Biomass

Alberta Pacific is a leading pulp producer in Canada that has ventured into green methanol production. By utilizing lignin-rich by-products from its pulping operations, the company produces biomethanol, creating an additional revenue stream while advancing biofuel adoption.

Sustainability Initiatives:

• Conversion of pulp mill waste streams into valuable biofuels

• Focus on enhancing the sustainability footprint of the forestry sector

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3️⃣ 8. Methanol Holdings (Trinidad) Limited (MHTL)

Headquarters: Point Lisas, Trinidad and Tobago
Key Offering: Conventional and Low-Carbon Methanol

As one of the world’s largest methanol producers, MHTL is strategically positioned to transition towards green methanol. The company is exploring opportunities to integrate carbon capture and green hydrogen into its existing large-scale production infrastructure in Trinidad.

Sustainability Initiatives:

• Feasibility studies for large-scale blue and green methanol projects

• Leveraging existing infrastructure for cost-effective low-carbon fuel production

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2️⃣ 9. European Energy

Headquarters: Copenhagen, Denmark
Key Offering: E-methanol from Solar and Wind Power

European Energy is a Danish renewable energy developer that is aggressively expanding into Power-to-X, with a strong focus on e-methanol. The company combines its large-scale solar and wind projects with electrolysis and methanol synthesis to produce fuel from renewable electricity and captured CO2.

Sustainability Initiatives:

• Developing one of Europe’s largest e-methanol plants in Denmark

• Securing long-term offtake agreements with major players in the shipping industry

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1️⃣ 10. Proman AG

Headquarters: Zug, Switzerland
Key Offering: Methanol, Sustainable Methanol Technologies

Proman is a global leader in methanol production and technology. The company is actively investing in and advocating for green methanol as a marine fuel and chemical feedstock. Proman is building new vessels designed to run on methanol and investing in production facilities that can utilize renewable feedstocks.

Sustainability Initiatives:

• Investment in newbuild methanol-fueled tankers

• Exploring bio-methanol and e-methanol production pathways

Get Full Report Here:
Green Methanol Market – View in Detailed Research Report

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🌍 Outlook: The Future of Green Methanol is Integrated and Scalable

The green methanol market is at a pivotal inflection point. While current production volumes are a fraction of the global methanol demand, unprecedented investment and regulatory support are paving the way for exponential growth. The fuel’s versatility as a cleaner-burning option for shipping, a gasoline blendstock, and a hydrogen carrier makes it a key enabler of decarbonization across multiple sectors.

📈 Key Trends Shaping the Market:

• Rising demand from the maritime sector driven by the IMO’s decarbonization targets

• Advancements in electrolyzer and carbon capture technologies reducing e-methanol production costs

• Increasing government mandates and incentives for low-carbon fuels in Europe, North America, and Asia

• Strategic partnerships between energy companies, chemical producers, and shipping firms to secure supply chains

Get Full Report Here:
Green Methanol Market – View in Detailed Research Report

The companies listed above are not only producing a crucial sustainable fuel—they’re engineering the infrastructure and partnerships necessary to decarbonize global industry and transport.