Green Methanol Companies

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. 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.

Green Methanol Companies

Key players in the global green methanol market include Carbon Recycling International Inc. (Iceland), Methanex Corporation (Canada), Proman (Switzerland), Enerkem Inc. (Canada), and Södra (Sweden). These companies are considered leaders in the market and have adopted strategies such as acquisitions, expansions, partnerships, and investments to enhance their market share.

To know about the assumptions considered for the study download the pdf brochure

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.

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.

Proman's product portfolio includes various items, such as methanol, ammonia, melamine, UAN solutions, and more. The company has a significant global presence, operating in countries across Europe, the Middle East & Africa, and North America.

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.

At its Mönsterås facility, Södra has pioneered the commercial-scale production of bio-methanol from forest biomass, generating 6.3 million liters annually. This sustainable process reduces emissions and is certified by ISCC. By partnering with ANDRITZ, Södra has successfully addressed technical challenges and plans to expand its commercial applications. The company boasts a vast geographical presence across Europe, North America, Asia Pacific, and South America.

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.

Market Ranking

Methanex Corporation (Canada), Enerkem Inc. (Canada), Carbon Recycling International (CRI, Iceland), Proman (Switzerland), and Södra (Sweden) are key players in the green methanol market, each making significant progress in expanding their global presence.

Methanex, the world's largest methanol producer, is headquartered in Canada and is investing heavily in renewable methanol initiatives. The company is collaborating with partners to explore low-carbon production methods. Proman, based in Switzerland, is developing significant green methanol facilities in Europe and the Caribbean, utilizing carbon capture and renewable hydrogen to create sustainable methanol. Södra, operating out of Sweden, is producing biomethanol from forest residues, contributing to Sweden's bioeconomy and helping to reduce emissions in the transport sector. Enerkem Inc. is a leading producer in the green methanol sector, transforming non-recyclable waste into renewable methanol with its own technology. Established in Canada and Spain, and with partnership operations in Europe and the US, Enerkem champions waste-to-fuel substitutes to support the circular economy.

These companies are implementing strategies such as investments, partnerships, acquisitions, and long-term supply agreements to enhance their product portfolios and enter untapped markets. By doing so, they are strengthening their competitive position and establishing themselves as leaders in the green methanol market. Insights into market share are derived from primary interviews, product offerings, company revenues, and production capacities, highlighting their dominant role in the industry.

Related Reports:

Green Methanol Market by Feedstock (Biomass, Green Hydrogen, CCS), Derivative (Formaldehyde, Dimethyl Ether & Methyl Tert-Butyl Ether, Gasoline, Methanol-to-Olefin, Solvents), Application (Chemical Feedstock, Fuel), and Region - Global Forecast to 2030