Methanol (CH3OH) has long been a key product within the chemical industry. The uses of methanol include in the production of formaldehyde, acetic acid, and plastics. While current methanol applications have resulted in a methanol industry that produces 98 million tons per annum1, the energy transition is opening new potential for this versatile chemical.
Methanol’s qualities – such as its ability to be clean-burning, readily biodegradable and easily stored, transported, and distributed in liquid form – have put it on the map as a new alternative fuel source, most notably for the shipping and automotive industries. With an increased focus on e-fuels being a key part of the drive towards net-zero, the International Renewable Energy Agency (IRENA) projects that methanol production could reach 500 million tons a year by 2050.2
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