One of the promising alternatives to fossil fuels is green methanol. The global shipping and chemical industries are investing in green methanol for its future. MVAventures is currently developing a first of a kind bio-methanol production project in Brazil.
The global Green Methanol market is projected to grow from USD 1.9 billion in 2024 to USD 11.1 billion by 2030. This is a CAGR of 33.8% during the forecast period. This growth is propelled by stringent government regulations aimed at reducing carbon dioxide emissions and rising EU ETS costs.
Traditionally, green methanol is produced from CO2 by adding hydrogen (e-methanol). The hydrogen is obtained through a process called electrolysis. In this proces, water molecules are split into hydrogen and oxygen. But electrolysis requires a large energy supply in the form of electricity. Although green electricity prices have fallen, it is still very expensive. Therefore, this form of methanol production cannot compete with grey methanol produced from fossil sources. However, bio-methanol, produced from renewable sources serves as an affordable alternative to grey methanol.
In this light, MVAventures is currently developing a bio-methanol production project in Brazil, with the aim to export bio-methanol to NW Europe. For more details, please see the presentation:
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