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Europe Renewable Methanol Market Size, Trends, Share, Growth: By Feedstock: Biomass, CO2 and Hydrogen; By Processing Techniques: Gasification, Reformer-Based Production From Biogas, Production During The Pulping Process, Production From CO2 and Hydrogen; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Europe Renewable Methanol Market Outlook
The Europe renewable methanol market size reached nearly 127.64 KMT in 2023. The market is estimated to grow at a CAGR of 31.7% during the forecast period of 2024-2032, to reach a volume of around 1,521.50 KMT by 2032.
Key Takeaways
- Renewable methanol lowers carbon dioxide emissions by up to 95% and lowers nitrogen oxide emissions by up to 80%.
- It is estimated that up to 132.4 million metric tons of dry agricultural residues can be collected from the EU-27 states, with the capacity to generate 639 TWh of energy.
- With the implementation of low-carbon fuel initiatives to reduce carbon intensity in fuels, bio methanol blends are being utilised more frequently in Europe.
With the growing trend of sustainability and transition towards a hydrogen economy, the use of renewable methanol made from renewable hydrogen and carbon is expected to surge as an effective energy carrier. Renewable methanol is also witnessing active growth as a green fuel in the road transport and shipping industry.
Demand for clean-burning energy solutions is surging the use of renewable methanol for MTBE and DME applications for use in fuel blends.
Key Trends and Developments
Presence of feedstock for renewable methanol production; increasing funding for clean energy generation; Europe’s transition towards renewable energy; and adoption of renewable energy in the transportation sector are the key trends impacting the Europe renewable methanol market growth
Sep 22, 2023
Elyse Energy installed an e-methanol production plant, named eM-Rhône, on Les Roches-Roussillon chemical platform with an investment of about EUR 700 million.
Aug 17, 2022
Anaergia Inc. announced to supply European Energy A/S with up to 60,000 tonnes of liquified biogenic CO2 for a period of 10 years to produce e-methanol. Through the utilisation of the liquified CO2 from the anaerobic digesters to produce e-methanol, European Energy aimed to provide clean fuel for container ships.
May 9, 2022
ENGIE, OCI, and EEW collaborated on the HyNetherlands (HyNL) project, a major renewable hydrogen project in the Netherlands. The project aims to build, operate, and develop one of the largest industrial value chains for e-methanol production in Europe by combining biogenic CO2 and renewable hydrogen.
Mar 31, 2022
OCI announced its partnership with NortH2 to develop the first integrated green ammonia and methanol value chains in the Netherlands by utilising green hydrogen supply from NortH2.
Abundance of feedstock for renewable methanol and the need for energy security
Biomass feedstocks including forestry and agricultural waste, biogas from landfills, sewage, municipal solid waste, and black liquor, a by-product of pulp mills, are abundant in Europe, making it possible for the production of biomethanol. The EU is focused on utilising biowaste to produce energy and reduce its environmental footprint.
EU funded green methanol projects
The European Union is increasingly investing in clean technology projects, such as the development of plants that convert CO2, residue streams, renewable hydrogen and biogas to methanol, boosting the growth of renewable methanol.
Europe’s commitment to transition towards a clean economy
Methanol is a very effective carrier of green hydrogen. Renewable hydrogen is expected to play a key role in decarbonising industries. The REPowerEU plan published in 2022 by the European Commission outlines the ambition to produce 10 million tonnes and import 10 million tons of renewable hydrogen in the EU by 2030.
Increasing adoption of renewable methanol in the transportation sector
Renewable methanol is utilised as a gasoline additive owing to its high volatility and compatibility with hybrid vehicle systems. The demand for sustainable shipping is increasing, which aids the demand for renewable methanol as a futuristic marine fuel.
Europe Renewable Methanol Market Trends
There is a rising interest in renewable methanol across European countries, driven by the necessity to combat climate change by reducing CO2 emissions. Additionally, renewable methanol is chemically identical to fossil fuel-based methanol, driving its acceptance among customers. Renewable methanol can lower dependency on fossil fuel imports and stimulate local economies.
Market Segmentation
“Europe Renewable Methanol Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Feedstock
- Biomass
- CO2 and Hydrogen
Market Breakup by Processing Technique
- Gasification
- Reformer-Based Production from Biogas
- Production During the Pulping Process
- Production From CO2 and Hydrogen
Market Breakup by Application
- Dimethyl Ether (DME)
- Methyl Tert-Butyl Ether (MTBE)
- Gasoline Blending
- Others
Market Breakup by Country
- United Kingdom
- Nordics
- Germany
- France
- Others
Based on feedstock, biomass accounts for a significant share of the Europe renewable methanol market
Biomass feedstocks such as lignin, wood pellets, black liquor, and forest and agricultural residues, among others, are used in the production of renewable methanol.
With the increasing focus on handling agricultural and forest waste streams and reducing overall emissions, innovative techniques to turn farm waste into low-carbon fuels, such as renewable methanol, is witnessing increased adoption.
Meanwhile, renewable methanol from carbon dioxide offers technical as well as environmental advantages. For instance, there is no dependence on scarce natural resources and production can be deployed at all sites emitting CO2 and/or H2.
Based on application, gasoline blending dominates the Europe renewable methanol market share
According to the Fuel Quality Directive (2009/30/EC) and CEN standard (EN 228), Max. 3 vol-% methanol is allowed to be blended in gasoline in Europe. Properties of methanol like high blending octane value, low boiling temperature, and high hydrogen-to-carbon ratio, facilitate smoother burning, better fuel vapourisation in cold engines, and low carbon intensity in the fuel, respectively. Further, it also eliminates sulphur contamination.
Competitive Landscape
The market players are focusing on strategic partnerships to enhance their operations and capabilities to deliver cost-effective renewable methanol to consumers
Carbon Recycling International (CRI)
With its headquarters in Iceland, the company has been producing methanol from CO2 on a large scale since 2012. CRI helps its partners create renewable methanol from carbon dioxide and hydrogen for more environmentally friendly fuels, chemicals, and products.
Hy2gen AG
Headquartered in Germany, the company is engaged in the development, financing, building, and operation of plants for the production of RFNBOs (Renewable Fuels of Non-Biological Origin) and other PtX fuels for customers across the globe.
OCI N.V.
Founded in 2013, the company offers methanol, biomethanol, nitrogen fertilisers, fuel solutions, and industrial intermediates to clients from diverse industries.
BASF SE
BASF SE is a globally renowned chemical manufacturing company headquartered in Germany.
Other notable players operating in the Europe renewable methanol market are Södra Skogsägarna, and New Fuel A/S., among others.
Europe Renewable Methanol Market Analysis by Region
Scandinavian countries like Denmark, Norway, and Sweden, among others, are increasingly investing to improve their renewable methanol production capabilities amid the growing adoption of clean energy sources.
In 2019, about 11% of total energy supply in France were made of renewables. The presence of favourable policies such as The Energy Transition for Green Growth Act of 2015 and the Energy and Climate Law of 2019 paves the way for efficient renewable energy systems and technologies with the aim of reducing GHG emissions.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Feedstock |
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| Breakup by Processing Techniques |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Europe Renewable Methanol Market Analysis
8.1 Key Industry Highlights
8.2 Europe Renewable Methanol Historical Market (2018-2023)
8.3 Europe Renewable Methanol Market Forecast (2024-2032)
8.4 Europe Renewable Methanol Market by Feedstock
8.4.1 Biomass
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 CO2 and Hydrogen
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 Europe Renewable Methanol Market by Processing Techniques
8.5.1 Gasification
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Reformer-Based Production From Biogas
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Production During The Pulping Process
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Production From CO2 and Hydrogen
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.6 Europe Renewable Methanol Market by Application
8.6.1 Dimethyl Ether (DME)
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Methyl Tert-Butyl Ether (MTBE)
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Gasoline Blending
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Europe Renewable Methanol Market Share by Country
8.7.1 United Kingdom
8.7.2 Nordics
8.7.3 Germany
8.7.4 France
8.7.5 Others
9 United Kingdom Renewable Methanol Market Analysis
9.1 United Kingdom Renewable Methanol Historical Market (2018-2023)
9.2 United Kingdom Renewable Methanol Market Forecast (2024-2032)
9.3 United Kingdom Renewable Methanol Market by Feedstock
9.3.1 Biomass
9.3.1.1 Market Share
9.3.1.2 Historical Trend (2018-2023)
9.3.1.3 Forecast Trend (2024-2032)
9.3.2 CO2 and Hydrogen
9.3.2.1 Market Share
9.3.2.2 Historical Trend (2018-2023)
9.3.2.3 Forecast Trend (2024-2032)
9.4 United Kingdom Renewable Methanol Market by Processing Techniques
9.4.1 Gasification
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2023)
9.4.1.3 Forecast Trend (2024-2032)
9.4.2 Reformer-Based Production From Biogas
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2023)
9.4.2.3 Forecast Trend (2024-2032)
9.4.3 Production During The Pulping Process
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2023)
9.4.3.3 Forecast Trend (2024-2032)
9.4.4 Production from CO2 and Hydrogen
9.4.4.1 Market Share
9.4.4.2 Historical Trend (2018-2023)
9.4.4.3 Forecast Trend (2024-2032)
9.5 United Kingdom Renewable Methanol Market by Application
9.5.1 Dimethyl Ether (DME)
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2023)
9.5.1.3 Forecast Trend (2024-2032)
9.5.2 Methyl Tert-Butyl Ether (MTBE)
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2023)
9.5.2.3 Forecast Trend (2024-2032)
9.5.3 Gasoline Blending
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2023)
9.5.3.3 Forecast Trend (2024-2032)
9.5.4 Others
10 Nordics Renewable Methanol Market Analysis
10.1 Nordics Renewable Methanol Historical Market (2018-2023)
10.2 Nordics Renewable Methanol Market Forecast (2024-2032)
10.3 Nordics Renewable Methanol Market by Feedstock
10.3.1 Biomass
10.3.1.1 Market Share
10.3.1.2 Historical Trend (2018-2023)
10.3.1.3 Forecast Trend (2024-2032)
10.3.2 CO2 and Hydrogen
10.3.2.1 Market Share
10.3.2.2 Historical Trend (2018-2023)
10.3.2.3 Forecast Trend (2024-2032)
10.4 Nordics Renewable Methanol Market by Processing Techniques
10.4.1 Gasification
10.4.1.1 Market Share
10.4.1.2 Historical Trend (2018-2023)
10.4.1.3 Forecast Trend (2024-2032)
10.4.2 Reformer-Based Production From Biogas
10.4.2.1 Market Share
10.4.2.2 Historical Trend (2018-2023)
10.4.2.3 Forecast Trend (2024-2032)
10.4.3 Production During The Pulping Process
10.4.3.1 Market Share
10.4.3.2 Historical Trend (2018-2023)
10.4.3.3 Forecast Trend (2024-2032)
10.4.3 Production from CO2 and Hydrogen
10.4.3.1 Market Share
10.4.3.2 Historical Trend (2018-2023)
10.4.3.3 Forecast Trend (2024-2032)
10.5 Nordics Renewable Methanol Market by Application
10.5.1 Dimethyl Ether (DME)
10.5.1.1 Market Share
10.5.1.2 Historical Trend (2018-2023)
10.5.1.3 Forecast Trend (2024-2032)
10.5.2 Methyl Tert-Butyl Ether (MTBE)
10.5.2.1 Market Share
10.5.2.2 Historical Trend (2018-2023)
10.5.2.3 Forecast Trend (2024-2032)
10.5.3 Gasoline Blending
10.5.3.1 Market Share
10.5.3.2 Historical Trend (2018-2023)
10.5.3.3 Forecast Trend (2024-2032)
10.5.4 Gasoline Blending
10.5.4.1 Market Share
10.5.4.2 Historical Trend (2018-2023)
10.5.4.3 Forecast Trend (2024-2032)
10.5.6 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Carbon Recycling International (CRI)
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Hy2gen AG
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 OCI N.V.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 BASF SE
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Södra Skogsägarna
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 New Fuel A/S
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Key Trends and Developments in the Market
List of Figures and Tables
1. Europe Renewable Methanol Market: Key Industry Highlights, 2018 and 2032
2. Europe Renewable Methanol Market: Key Industry Highlights, 2018 and 2032
3. Europe Renewable Methanol Historical Market: Breakup by Feedstock (USD Million), 2018-2023
4. Europe Renewable Methanol Market Forecast: Breakup by Feedstock (USD Million), 2024-2032
5. Europe Renewable Methanol Historical Market: Breakup by Process Techniques (USD Million), 2018-2023
6. Europe Renewable Methanol Market Forecast: Breakup by Process Techniques (USD Million), 2024-2032
7. Europe Renewable Methanol Historical Market: Breakup by Application (USD Million), 2018-2023
8. Europe Renewable Methanol Market Forecast: Breakup by Application (USD Million), 2024-2032
9. Europe Renewable Methanol Historical Market: Breakup by Country (USD Million), 2018-2023
10. Europe Renewable Methanol Market Forecast: Breakup by Country (USD Million), 2024-2032
12. United Kingdom Renewable Methanol Market: Key Industry Highlights, 2018 and 2032
13. United Kingdom Renewable Methanol Historical Market: Breakup by Feedstock (USD Million), 2018-2023
14. United Kingdom Renewable Methanol Market Forecast: Breakup by Feedstock (USD Million), 2024-2032
15. United Kingdom Renewable Methanol Historical Market: Breakup by Process Techniques (USD Million), 2018-2023
16. United Kingdom Renewable Methanol Market Forecast: Breakup by Process Techniques (USD Million), 2024-2032
17. United Kingdom Renewable Methanol Historical Market: Breakup by Application (USD Million), 2018-2023
18. United Kingdom Renewable Methanol Market Forecast: Breakup by Application (USD Million), 2024-2032
19. Nordics Renewable Methanol Market: Key Industry Highlights, 2018 and 2032
18. Nordics Renewable Methanol Historical Market: Breakup by Feedstock (USD Million), 2018-2023
19. Nordics Renewable Methanol Market Forecast: Breakup by Feedstock (USD Million), 2024-2032
20. Nordics Renewable Methanol Historical Market: Breakup by Process Techniques (USD Million), 2018-2023
21. Nordics Renewable Methanol Market Forecast: Breakup by Process Techniques (USD Million), 2024-2032
22. Nordics Renewable Methanol Historical Market: Breakup by Application (USD Million), 2018-2023
23. Nordics Renewable Methanol Market Forecast: Breakup by Application (USD Million), 2024-2032
24. Europe Renewable Methanol Market Structure
Key Questions Answered in the Report
The market reached a volume of 127.64 KMT in 2023.
The market is projected to grow at a CAGR of 31.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 1,521.50 KMT by 2032.
The feedstocks include biomass, CO2, and hydrogen.
The key countries analysed in the market report are the United Kingdom, Nordics, Germany, France, and others.
Europe’s aim to achieve a carbon neutral economy and favourable government initiatives, and the presence of abundant reserves of feedstocks for renewable methanol production are driving the market growth.
The applications include dimethyl ether (DME), methyl tert-butyl ether (MTBE), gasoline blending, and others.
The key players in the market include Carbon Recycling International (CRI), Hy2gen AG, OCI N.V., BASF SE, Södra Skogsägarna, and New Fuel A/S, among others.
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