In Finland, GENA reports that 270 renewable and low carbon methanol projects are now in development worldwide, with a combined potential capacity of 56.3 million tonnes by 2030. In November, five new projects were added and four progressed to key development stages. One biomethanol plant in China began construction, while three e-methanol projects in Europe and North America entered front end engineering design.
Regional project profiles reflect local conditions. Europe focuses on e-methanol due to hydrogen policies and low cost renewable electricity. China emphasizes biomethanol, supported by abundant agricultural residues. North America favors low carbon methanol linked to natural gas and carbon capture. Latin America’s entire pipeline is e methanol, while Southeast Asia concentrates on biomethanol using forestry and agricultural waste.
Despite the expanding pipeline, only 22 percent of projects have secured long term offtake agreements or internal processing plans. Around 10 percent have reached final investment decision or started construction, and another 12 percent are in engineering.
GENA estimates that only 6 to 13 million tonnes of capacity may come online by 2030. The rest face delays or cancellation. Demand growth will depend on offtake certainty, financing conditions, and regulation across fuels, shipping, and chemicals.
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Category: Sustainable Marine Fuels
