GENA Solutions: Total renewable and low-carbon methanol project pipeline rises from 41.2 to 44 Mt by 2030

Methanol

Published Fri, 31st 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 41.2 to 44 Mt by 2030

The Methanol Institute recently shared with Manifold Times the renewable and low-carbon methanol project pipeline January 2025 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 January 2025 release are as follows:

The renewable methanol project pipeline increased from 33.0 Mt in December 2024 to 34.0 Mt in January 2025 (+1 Mt). The low-carbon methanol project pipeline grew from 8.1 Mt to 10.1 Mt (+1.9 Mt). As a result, the total renewable and low-carbon methanol project pipeline reached 44.0 Mt (+2.9 Mt).
As of January 2025, GENA tracks 117 e-methanol plants and projects with total capacity of 18.6 Mt, 87 biomethanol plants and projects with total capacity of 15.4 Mt, and 16 low-carbon methanol plants and projects with total capacity of 10.1 Mt.
Nine projects were added in the January release: six in China, two in Europe, and one in the United States. One project was excluded from the Project Navigator.
Two small-scale projects in China have started operations, and one project has started construction. Currently, 2.6 Mt of renewable methanol facilities are under construction, which represents a 1.9 Mt increase compared to January 2024.
The renewable methanol project pipeline has increased by 16.0 Mt (+89%) from January 2024 to January 2025, while low-carbon methanol increased by 5.7 Mt (+132%).
Renewable methanol capacity by 2030 could reach 7.6 Mt in the Advanced Projects scenario, 13.7 Mt in the Higher Probability Projects scenario, and 3.2 Mt in the After FID Projects scenario.