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 growth is being driven by the increasing demand for cleaner chemical feedstocks, the transition to alternative fuels, and significant technological advancements in gasification processes that enhance efficiency and sustainability.

As the world pivots towards a low-carbon economy, the role of syngas as a versatile building block for fuels, chemicals, and power generation has never been more critical. In this blog, we profile the Top 10 Companies in the Syngas & Derivatives Industry—a mix of industrial gas giants, technology licensors, and integrated producers who are shaping the future of this dynamic market.

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🔟 1. Air Liquide

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

Air Liquide is a global leader in industrial gases and technologies, with a strong presence across the entire syngas value chain. The company provides advanced syngas production plants and offers a range of high-purity derivatives essential for chemical synthesis and refining. Their Autothermal Reforming (ATR) and partial oxidation technologies are renowned for their efficiency and reliability.

Sustainability Initiatives:

• Pioneering large-scale carbon capture and utilization (CCU) projects.

• Investing in renewable hydrogen production via electrolysis integrated with syngas.

• Committed to achieving carbon neutrality by 2050.

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9️⃣ 2. Linde plc

Headquarters: Guildford, United Kingdom
Key Offering: Syngas, Hydrogen, Synthesis Gas Plants, Methanol Loop Technologies

Linde Engineering is a powerhouse in designing and constructing state-of-the-art syngas and hydrogen plants worldwide. The company’s technologies serve the ammonia, methanol, and gas-to-liquids sectors, with a focus on optimizing energy consumption and reducing the carbon footprint of industrial processes.

Sustainability Initiatives:

• Development of blue hydrogen projects with integrated carbon capture.

• Strategic partnerships to advance green hydrogen and syngas from renewable sources.

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8️⃣ 3. Air Products and Chemicals, Inc.

Headquarters: Allentown, Pennsylvania, USA
Key Offering: Syngas, Hydrogen, Steam Methane Reforming Technology, Methanol

Air Products is a major global supplier of syngas and its derivatives, operating some of the world’s largest industrial gas facilities. The company is heavily invested in large-scale energy projects, including gasification complexes that convert feedstock into syngas for power, fuels, and chemicals.

Sustainability Initiatives:

• Multi-billion dollar investment in the NEOM green hydrogen project.

• Leadership in developing low-carbon hydrogen infrastructure.

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7️⃣ 4. Shell plc

Headquarters: London, United Kingdom
Key Offering: Syngas via Gasification, Hydrogen, Fischer-Tropsch Products

Shell leverages its extensive expertise in hydrocarbon processing to be a key player in syngas production, primarily through its proprietary gasification technology. This technology is capable of handling diverse feedstocks, including coal, petroleum coke, and biomass, to produce syngas for chemicals and clean energy applications.

Sustainability Initiatives:

• Advancing the Port Arthur CCUS project to decarbonize hydrogen production.

• Exploring biomass gasification pathways for sustainable aviation fuel (SAF).

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6️⃣ 5. Sasol

Headquarters: Johannesburg, South Africa
Key Offering: Syngas, Fuels, Chemicals, Wax, Ammonia

Sasol is a renowned integrated energy and chemical company, famous for its commercial-scale coal-to-liquids (CTL) and gas-to-liquids (GTL) operations. Syngas is the cornerstone of its business, used to produce a wide spectrum of liquid fuels, chemicals, and waxes.

Sustainability Initiatives:

• Transitioning feedstock mix towards more natural gas to reduce carbon intensity.

• Investing in green hydrogen projects to decarbonize its operations.

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5️⃣ 6. Haldor Topsoe

Headquarters: Lyngby, Denmark
Key Offering: Syngas Technology, Catalysts, Process Design for Ammonia, Methanol, Hydrogen

Haldor Topsoe is a world-leading technology provider specializing in heterogeneous catalysis and Syngas process design. The company’s technologies are fundamental to the efficient production of ammonia, methanol, hydrogen, and other syngas derivatives, with a strong emphasis on energy optimization.

Sustainability Initiatives:

• Development of the SOEC (Solid Oxide Electrolyzer Cell) technology for highly efficient green hydrogen production.

• Offering technologies for low-carbon ammonia and methanol synthesis.

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4️⃣ 7. KBR, Inc.

Headquarters: Houston, Texas, USA
Key Offering: Ammonia & Hydrogen Process Technologies, Syngas Purification

KBR is a global technology and engineering giant, known for its market-leading ammonia (KBR Purifier) and hydrogen (KBR Reforming) technologies. These processes are critical for producing high-purity syngas derivatives used in fertilizers and clean energy.

Sustainability Initiatives:

• Pioneering green ammonia technologies that utilize renewable hydrogen.

• Providing solutions that enable clients to reduce greenhouse gas emissions from their operations.

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3️⃣ 8. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Syngas-based Chemicals, Catalysts, Intermediates

BASF, the world’s largest chemical producer, is a major consumer and processor of syngas derivatives. The company utilizes syngas for producing a vast portfolio of intermediates, including oxo alcohols, which are essential for plastics, coatings, and solvents.

Sustainability Initiatives:

• Investing in the development of chemical recycling processes that can generate syngas from plastic waste.

• Committed to net-zero CO2 emissions by 2050, driving R&D into cleaner syngas sourcing.

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2️⃣ 9. Methanex Corporation

Headquarters: Vancouver, Canada
Key Offering: Methanol produced from Syngas

Methanex is the world’s largest producer and supplier of methanol, a primary derivative of syngas. The company operates production facilities in strategic locations worldwide, supplying methanol for chemical applications and emerging energy uses like methanol-to-olefins and marine fuel.

Sustainability Initiatives:

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

• Advocating for methanol as a cleaner-burning alternative fuel for transportation.

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1️⃣ 10. Yara International

Headquarters: Oslo, Norway
Key Offering: Ammonia, Fertilizers, Nitrogen-based Chemicals from Syngas

Yara is a global leader in ammonia production, which is directly synthesized from syngas (hydrogen and nitrogen). As a major fertilizer company, Yara’s operations are intrinsically linked to syngas, playing a vital role in global food security.

Sustainability Initiatives:

• Launching the first fossil-free green ammonia project in Norway.

• Leading the transition to decarbonize the fertilizer industry through green and blue ammonia.

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

The syngas and derivatives market is undergoing a fundamental transformation. While traditional production from fossil fuels remains dominant, the industry is rapidly embracing low-carbon pathways, advanced gasification technologies, and circular economy principles.

📈 Key Trends Shaping the Market:

• Accelerated adoption of biomass and waste feedstocks for bio-syngas production.

• Integration of Carbon Capture, Utilization, and Storage (CCUS) with syngas plants to create blue hydrogen and ammonia.

• Digitalization and AI for optimizing gasification efficiency and predictive maintenance.

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

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The companies listed above are not only supplying essential feedstocks for the global economy—they are pioneering the technologies that will decarbonize industrial production and power the energy transition.