GENA Solutions: Total renewable and low-carbon methanol project pipeline rises from 44 to 45.8 Mt by 2030

Methanol

Published Fri, 28th February 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 44 to 45.8 Mt by 2030

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

The renewable methanol project pipeline increased from 34.0 Mt in January 2025 to 35.7 Mt in February 2025 (+1.7 Mt). The total renewable and low-carbon methanol project pipeline reached 45.8 Mt.
As of February 2025, GENA tracks 122 e-methanol plants and projects with total capacity of 19.4 Mt, 88 biomethanol plants and projects with total capacity of 16.3 Mt, and 16 low-carbon methanol plants and projects with total capacity of 10.1 Mt.
Nine projects were added in the February release, all based in Europe. Three frozen projects were excluded from the Project Navigator. Over the past 12 months, the renewable methanol project pipeline increased by 16.0 Mt, while low-carbon methanol increased by 5.7 Mt.
One project reached FID last month. The total after FID renewable methanol capacity, including operational facilities and projects under construction, has reached 3.4 Mt. Additionally, after FID low-carbon methanol capacity stands at 0.5 Mt.
Both China and Europe hold large shares of the global renewable methanol project pipeline: 49% and 30%, respectively. However, Europe lags behind China in project implementation: China’s share in after-FID renewable methanol capacity is 75%, while Europe’s is only 10%.
Renewable methanol capacity by 2030 could reach 7.5 Mt in the Advanced Projects scenario, 13.5 Mt in the Higher Probability Projects scenario, and 3.4 Mt in the After-FID Projects scenario.