The Global Syngas & Derivatives Market was valued at USD 45.8 Billion in 2025 and is projected to reach USD 68.4 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2025–2032). This robust growth is propelled by escalating demand for cleaner chemical feedstocks, advancements in gasification technologies, and a global push towards sustainable energy solutions derived from biomass and waste.

As the world shifts towards a low-carbon economy, syngas—a versatile mixture of hydrogen and carbon monoxide—has emerged as a critical building block for fuels, fertilizers, and chemicals. In this blog, we profile the Top 10 Companies in the Syngas & Derivatives Industry, a select group of industrial gas giants, technology licensors, and integrated producers shaping the future of this vital market.

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🔟 1. Air Liquide

Headquarters: Paris, France
Key Offering: Syngas Production Technologies, Hydrogen, Carbon Monoxide, Methanol

Air Liquide is a global leader in industrial gases and advanced technologies, with a formidable presence in the syngas value chain. The company provides state-of-the-art syngas production plants and purification systems, serving clients in the chemical, refining, and energy sectors worldwide. Their expertise spans steam reforming, partial oxidation, and autothermal reforming technologies.

Sustainability Initiatives:

• Investing in large-scale low-carbon hydrogen projects using syngas with carbon capture

• Developing innovative solutions for bio-syngas production from biomass

• Committed to achieving carbon neutrality by 2050

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9️⃣ 2. Linde plc

Headquarters: Dublin, Ireland (Operational HQ: Guildford, UK)
Key Offering: Syngas & Hydrogen Plants, Process Technology, On-site Gas Supply

Linde is a world-leading industrial gases and engineering company that designs, engineers, and builds some of the largest syngas plants globally. Their technology portfolio is crucial for producing syngas used in ammonia, methanol, and oxo-chemicals. Linde’s extensive R&D focuses on improving the efficiency and environmental footprint of syngas production.

Sustainability Initiatives:

• Pioneering carbon capture and utilization technologies for syngas processes

• Strategic partnerships for blue and green hydrogen projects derived from syngas

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8️⃣ 3. Air Products and Chemicals, Inc.

Headquarters: Allentown, Pennsylvania, USA
Key Offering: Syngas Production Facilities, Hydrogen, Synthesis Gas, Methanol

Air Products is a major global player in the syngas market, known for its large-scale gasification projects and on-site supply schemes. The company’s technological prowess in converting diverse feedstocks like natural gas, coal, and petcoke into syngas makes it a key partner for industries requiring reliable and efficient feedstock supply.

Sustainability Initiatives:

• Developing net-zero hydrogen energy complexes leveraging syngas technologies

• Multi-billion dollar investment in a landmark blue hydrogen project in Louisiana

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7️⃣ 4. Shell plc

Headquarters: London, United Kingdom
Key Offering: Syngas Technology Licensing, Integrated Gas Solutions, Fischer-Tropsch Fuels

Shell leverages its extensive experience in hydrocarbon processing to be a leading technology provider in the syngas sector. The company’s Shell Gasification Process is licensed worldwide for converting heavy residues and coal into syngas for power, chemicals, and GTL (Gas-to-Liquids) applications.

Sustainability Initiatives:

• Advancing carbon capture and storage for syngas-based hydrogen production

• Exploring sustainable aviation fuel (SAF) pathways using syngas from waste biomass

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6️⃣ 5. Sasol Limited

Headquarters: Johannesburg, South Africa
Key Offering: Integrated Syngas-based Fuels & Chemicals, Fischer-Tropsch Technology

Sasol is a unique integrated energy and chemical company that operates some of the world’s largest commercial syngas production facilities based on coal and gas. Its proprietary Fischer-Tropsch technology converts syngas into a wide range of liquid fuels, waxes, and chemicals, underpinning its market leadership.

Sustainability Initiatives:

• Transitioning towards sustainable feedstocks and green hydrogen integration

• Investing in efficiency improvements to reduce the carbon footprint of existing operations

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5️⃣ 6. Haldor Topsoe

Headquarters: Lyngby, Denmark
Key Offering: Syngas Process Technology, Catalysts, Ammonia & Methanol Plants

Haldor Topsoe is a globally recognized leader in catalysis and syngas process technology. The company provides licensed technologies and high-performance catalysts essential for efficient syngas production and its conversion into ammonia, methanol, and hydrogen, serving a vast international client base.

Sustainability Initiatives:

• Leading developments in Solid Oxide Electrolyzer Cell (SOEC) technology for producing sustainable syngas

• Committed to enabling a circular carbon economy through advanced syngas solutions

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4️⃣ 7. Technip Energies

Headquarters: Paris, France
Key Offering: Engineering & Construction of Syngas Plants, Reforming Technologies

Technip Energies is a leading engineering and technology company for the energy transition. It has a strong track record in designing and building complex syngas production facilities, including ethylene cracker furnaces and hydrogen plants, for the global petrochemical and refining industries.

Sustainability Initiatives:

• Developing proprietary technologies for low-carbon hydrogen and ammonia from syngas

• Focus on modular and scalable syngas solutions to reduce project footprints

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3️⃣ 8. KBR, Inc.

Headquarters: Houston, Texas, USA
Key Offering: Ammonia & Syngas Process Technology, Purify® Technology, Engineering Services

KBR is a foremost provider of proprietary ammonia and syngas technologies, with its KBR Purify process being an industry standard for syngas purification. The company licenses its technologies and provides engineering services for a significant portion of the world’s ammonia and methanol production capacity.

Sustainability Initiatives:

• Innovating greener ammonia production pathways using syngas from renewable sources

• Offering technology solutions that enhance energy efficiency and reduce emissions in syngas plants

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2️⃣ 9. Yara International

Headquarters: Oslo, Norway
Key Offering: Ammonia Production, Fertilizers, Green Ammonia from Syngas

Yara is one of the world’s largest producers of ammonia, a key derivative of syngas used primarily in fertilizers. The company operates numerous large-scale ammonia plants globally and is actively leading the transition towards green and blue ammonia production to decarbonize its operations and the agricultural sector.

Sustainability Initiatives:

• Pioneering commercial-scale green ammonia projects using renewable hydrogen (a syngas component)

• Ambitious targets to significantly reduce CO2 emissions from its production facilities

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1️⃣ 10. Methanex Corporation

Headquarters: Vancouver, Canada
Key Offering: Methanol Production & Marketing, Syngas-based Chemical Feedstock

As the world’s largest producer and supplier of methanol, Methanex is a fundamental player in the syngas derivatives market. Methanol is produced directly from syngas, and the company’s global production assets and supply chain expertise make it a cornerstone of the industry.

Sustainability Initiatives:

• Exploring carbon-neutral methanol production pathways using captured CO2 and green hydrogen

• Advocating for methanol as a cleaner marine fuel alternative, driving demand for low-carbon syngas

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🌍 Outlook: The Future of Syngas & Derivatives Is Versatile and Sustainable

The syngas and derivatives market is undergoing a foundational transformation. While traditional production from fossil fuels remains dominant, the industry is channeling significant investment into renewable pathways, carbon capture integration, and advanced gasification technologies.

📈 Key Trends Shaping the Market:

• Accelerated adoption of biomass and waste gasification for circular economy models

• Integration of carbon capture, utilization, and storage (CCUS) into syngas production hubs

• Rising demand for green hydrogen and ammonia, driving innovation in syngas reforming

• Strategic alliances between technology providers, energy companies, and chemical producers to scale sustainable solutions

Get Full Report Here: Syngas & Derivatives Market – View in Detailed Research Report

The companies listed above are not only supplying essential feedstocks for the global economy—they are engineering the sustainable transformation of the chemical and energy landscapes.