Recently Nouryon And Gasunie Have Signed An Agreement For Renewable Methanol Market
Growing demand for renewable methanol as a motor fuel from the transportation industry coupled with the rising environmental concerns owing to global warming and changing weather conditions is driving the growth of the renewable methanol market. Increasing depletion of natural resources due to high dependency on fossil fuels and fluctuating prices of natural gas is again contributing to the growth of the renewable methanol market . Increasing demand from the automotive industry as a superior liquid motor fuel will provide bright opportunities in the near future. According to the Coherent Market Insights analysis, the total number of passenger transport in Europe is expected to increase by over 35% by 2050 as compared to the current level. Moreover, increasing adoption of an electric vehicle as it is powered by fuels and renewable methanol is further expected to foster the growth of the market. In June 2019, Eni and Synhelion, a spin-off of Zurich Polytechnic University (ETHZ), ann...