{"id":84582,"date":"2021-02-03T07:23:06","date_gmt":"2021-02-03T06:23:06","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=84582"},"modified":"2021-01-29T13:02:24","modified_gmt":"2021-01-29T12:02:24","slug":"innovation-outlook-renewable-methanol","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/innovation-outlook-renewable-methanol\/","title":{"rendered":"Innovation Outlook: Renewable Methanol"},"content":{"rendered":"

\"EP_13f4c0f3-0_Image_In_Body\"<\/a>Methanol is essential for the chemical industry and represents an emerging fuel for a wide range of uses. Although largely produced from fossil fuels, it can also be made from sustainable, renewable-based energy sources.<\/strong><\/p>\n

The need to mitigate climate change and eliminate carbon dioxide (CO2<\/sub>) emissions from all kinds of energy use has prompted rising global interest in renewable methanol. The shift to such types \u2013 derived from biomass or synthesised from green (renewable-based) hydrogen and CO2<\/sub> \u2013 could expand methanol’s use as a chemical feedstock and help to make industry and transport fuels carbon neutral.<\/p>\n

Costs for renewable methanol are currently high, while production volumes are low. But with the right policies, renewable methanol could become cost competitive by 2050 or earlier.<\/p>\n

This outlook from the International Renewable Energy Agency (IRENA) and the Methanol Institute identifies challenges, offers policy recommendations and explores ways to produce renewable methanol at a reasonable cost.<\/p>\n

Chemical and plastic industries \u2013 which currently use about two-thirds of all methanol \u2013 particularly need this to cut their process emissions.<\/p>\n

Key recommendations:<\/h3>\n