Report ID: SQMIG45A2569
Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Green Methanol Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Green Methanol industry players.
The global green methanol market is under dynamic competition, and governments are at the forefront in driving the trend. In Europe, the European Union's Horizon Europe and Green Deal program are driving investments in green methanol technology. For instance, Spain's Ecoplanta Molecular Solutions project, which is funded by the European Commission's Innovation Fund, will produce 240,000 metric tons of methanol per year by 2026 from non-recyclable waste with considerable reduction in greenhouse gas emissions. In Asia, China's aggressive promotion policies such as coercive blending of methanol in gasoline and massive investment in CO₂-to-methanol units are indicative of its plans for green methanol. An example of this project includes the Henan Shunli CO₂-to-Methanol Plant, with a capacity of 110,000 metric tons per year. In North America, companies like Texas-based Celanese are using CO₂ to manufacture methanol, with U.S. carbon capture technology subsidies helping. Latin America is working on green methanol with partnerships such as Porsche-Siemens Energy to manufacture synthetic fuels from wind power and CO₂, to the tune of 550 million liters by 2026.
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