GENA Solutions: Total renewable and low-carbon methanol project pipeline rises from 39.9 to 41.2 Mt by 2030

Methanol

Published Tue, 7th January 2025
by Admin

Information shared by the Methanol Institute meant to assist the maritime industry in the adoption of methanol as a mainstream marine fuel heading into IMO 2030/2050.

GENA Solutions: Total renewable and low-carbon methanol project pipeline rises from 39.9 to 41.2 Mt by 2030

The Methanol Institute recently shared with Manifold Times the renewable and low-carbon methanol project pipeline December 2024 release produced by GENA Solutions Oy (Green Energy Analytics).

Information from the release is meant to provide the bunkering publication’s readers with insight on renewable methanol availability, and to assist the maritime industry in the adoption of methanol as a mainstream marine fuel heading into IMO 2030/2050.

Key highlights of the December 2024 release are as follows:

The renewable methanol project pipeline increased from 31.8 Mt in November to 33.0 Mt in December (+1.2 Mt). The total renewable and low-carbon methanol project pipeline grew from 39.9 Mt to 41.2 Mt.
As of December 2024, GENA tracks 115 e-methanol plants and projects with total capacity of 18.3 Mt, 83 biomethanol plants and projects with total capacity of 14.7 Mt, and 14 low-carbon methanol plants and projects with total capacity of 8.1 Mt.
Nine projects were added in the December release: eight in China and one in the United States. One project was excluded from the Project Navigator.
Two renewable methanol projects in China have started construction during the last month, and one project has started engineering. Currently, 2.5 Mt of renewable methanol facilities are under construction, which represents a 1.8 Mt increase compared to January 2024.
The renewable methanol project pipeline has increased by 15.1 Mt (+84%) from January to December 2024, while low-carbon methanol increased by 3.8 Mt (+88%).
Renewable methanol capacity by 2030 could reach 7.5 Mt in the Advanced Projects scenario, 13.7 Mt in the Higher Probability Projects scenario, and 3.1 Mt in the After FID Projects scenario.