Important raw material
Methanol, an organic compound belonging to the alcohol family, is one of the most-produced organic chemicals. In 2015 the global methanol demand reached 75 million metric tons, whereas the worldwide production capacity is about 110 million metric tons (www.methanol.org/the-methanol-industry)
In the chemical industry methanol mainly serves as a raw material in the production of formaldehyde, olefines, acetic acid, MTBE, DME as well as biodiesel. So, renewable methanol is a pre-requisite for making a broad range of chemical products green such as polymer fibers for the textile industry, plastics for packaging, glues, adsorbents/diapers, paints, adhesives, solvents and much more. Besides its use in the chemical, construction and plastics industries, methanol also serves as a fuel or fuel additive. The conventional production method involves a catalytic process using fossil feedstock such as natural gas or coal. With demand risingthere is growing interest in a more environmentally friendly alternative to the conventional technology.