Methanol is gaining traction as a shipping fuel largely because of new regulation at the IMO and in Europe. Methanol can deliver a viable route to compliance which can keep up with ever tightening regulation by offering both retrofit and replacement options and then allowing grey and lower emission methanol to be blended to meet compliance needs. As a result, we predict a total addressable annual market for methanol in shipping of 179MT HFO equivalent by 2050, which could almost double current methanol demand.
