Latest news with #Methanex
RNZ News
6 days ago
- Business
- RNZ News
Government goes for gas stake
Photo: 123rf What will the Government achieve by setting aside $200 million to try and get a small stake in a new offshore gas field? Associate Energy Minister Shane Jones announced the move in the budget last week saying the Crown would take a 10 to 15 per cent stake in a new gas field to help feed the domestic market. While electricity generators have purchased gas from the country's biggest user, Methanex, for domestic supply, other gas users such as schools and hospitals are unable to get supply contracts of more than a year, and prices are going up for everyone. But new gas fields are a huge investment, and the sector has struggled to meet demand. Mac Beggs has worked on oil and gas exploration for decades in New Zealand - he says there are two, maybe three wells that have potential.
Yahoo
28-05-2025
- Business
- Yahoo
Green Methanol Industry Research 2025-2030: Analysis and Forecasts by Biomass, Green Hydrogen, CCS, Formaldehyde, Dimethyl Ether & Methyl Tert-Butyl Ether, Gasoline, Methanol-to-Olefin, Solvents
Growth is driven by stringent regulations aimed at reducing CO2 emissions. Green methanol, produced from renewable sources like captured CO2 and renewable hydrogen, is emerging as a key sustainable alternative. Carbon capture and storage (CCS) is the fastest-growing segment for methanol production, offering a cost-effective CO2 source. Fuel applications lead in growth, driven by stricter environmental policies. North America stands out for its high CAGR, supported by technological advancements, investments, and government incentives. Key players include Proman, Methanex, and PETRONAS. Green Methanol Market Dublin, May 28, 2025 (GLOBE NEWSWIRE) -- The "Green Methanol Market by Feedstock (Biomass, Green Hydrogen, CCS), Derivative (Formaldehyde, Dimethyl Ether & Methyl Tert-Butyl Ether, Gasoline, Methanol-to-Olefin, Solvents), Application (Chemical Feedstock, Fuel), and Region - Global Forecast to 2030" has been added to offering. The global green methanol market is anticipated to expand from USD 2.59 billion in 2025 to USD 11.18 billion by 2030, registering a CAGR of 34.0% from 2025 to 2030. Driven by stringent government regulations to reduce carbon dioxide emissions and combat climate change, the market growth is propelled by the adoption of green methanol, a sustainable alternative produced from renewable sources like captured CO? and renewable hydrogen. Carbon capture and storage (CCS) is projected to be the fastest-growing segment by feedstock from 2025 to 2030. CCS technology captures CO2 from industrial facilities or directly from the atmosphere, stores it underground, and combines it with renewable hydrogen to produce methanol. The growth of CCS is supported by its cost-effectiveness and adherence to stringent environmental regulations, with governments offering incentives and tax benefits. This has positioned CCS as an essential component for producing green methanol as industries strive for greater sustainability. Fuel is estimated to be the fastest-growing application segment in the green methanol market due to stricter environmental regulations and a shift towards sustainable energy. Green methanol serves as a lower-carbon alternative for sectors like shipping, transportation, and power generation. Its high energy density and compatibility with existing infrastructure make it attractive for the transportation sector, enabling easier adoption without significant infrastructure changes. North America is projected to witness the highest CAGR in the green methanol market during the forecast period. The region's strong commitment to sustainability, government incentives, and increasing investments in renewable energy are driving growth. US policies, such as tax credits and renewable fuel mandates, support the expansion of green methanol production. Technological advancements in carbon capture and renewable hydrogen are also accelerating the shift toward cleaner fuels, making North America a key driver of market expansion. Key players in the green methanol market include OCI (The Netherlands), Proman (Switzerland), Sodra (Sweden), SunGas Renewables Inc. (US), ABEL Energy Pty Ltd. (Australia), Carbon Recycling International Inc. (Iceland), Petroliam Nasional Berhad (PETRONAS)(Malaysia), Mitsubishi Gas Chemical Company, Inc. (Japan), Methanex Corporation (Canada), Envision Energy (China), Alberta-Pacific Forest Industries Inc. (Canada), and Enerkem (Canada). Key Attributes: Report Attribute Details No. of Pages 199 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $2.59 Billion Forecasted Market Value (USD) by 2030 $11.18 Billion Compound Annual Growth Rate 34.0% Regions Covered Global Market Dynamics Drivers Increasing Demand for Sustainable and Renewable Energy Demand for Green Methanol in Automotive and Construction Industries Challenges Cost Competitiveness to Produce Green Methanol Low Consumer Awareness About Green Methanol Benefits Infrastructure, Scale, and Efficiency Limitations for Production Opportunities Green Methanol as Alternative Fuel in Marine and Manufacturing Industries Green Methanol Fuel Cells in Transportation and Energy Sectors Case Studies Carbon Recycling International Obtains Renewable Methanol From CO2 Enerkem Produces Renewable Methanol From Municipal Solid Waste BioMCN Processes Renewable Methanol From Biogas Company Profiles Petroliam Nasional Berhad (Petronas) Carbon Recycling International Sungas Renewables Abel Energy Pty Ltd. Methanex Corporation Mitsubishi Gas Chemical Company, Inc. Enerkem Alberta Pacific Forest Industries Inc. Envision Energy Sodra Proman Avaada C1 Green Chemicals Ag Varmsland Methanol Iberdrola, S.a. Lowlands Methanol B.V. Swiss Liquid Future Ag Liquid Wind Ab Renewable Hydrogen Canada Corporation European Energy a/S For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Green Methanol Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Business Insider
19-05-2025
- Business
- Business Insider
Methanex upgraded to Overweight from Neutral at Piper Sandler
Piper Sandler analyst Charles Neivert upgraded Methanex (MEOH) to Overweight from Neutral with a price target of $48, up from $36. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
NZ Herald
08-05-2025
- Business
- NZ Herald
Genesis and Contact secure more gas from Methanex amid low hydro inflows
The purchase has been partially underwritten by sales to third-party wholesale electricity market participants. The additional fuel supply, operating in tandem with the Ahuroa Gas Storage Facility, would support Contact's intention to run its Taranaki Combined Cycle gas-fired power station alongside the gas peaking units at Stratford through winter 2025. Contact has said it expects to close the ageing Taranaki Combined Cycle plant at the end of this winter. Contact and Genesis Energy's thermal assets are designed to back up the hydro-dominated electricity system when conditions dictate. Genesis said it had entered an arrangement with Methanex to support the shutdown of its plant from May to July. 'While Genesis has strengthened its winter preparedness with a fully replenished coal stockpile at Huntly Power Station with additional shipments ordered, we have also reached a flexible gas supply agreement to ensure security of supply for the market,' the company said. Under the agreement, Genesis could receive up to 1.26PJ of gas not required by other contracted users. Any gas used for generation would displace coal, thereby lowering carbon emissions. Genesis chief executive Malcolm Johns said the situation underlined the flexibility of Huntly Power Station, which runs on coal and gas. Last winter, wholesale power prices spiked to $820 per megawatt hour (MWh) as a result of high electricity demand, low wind generation, low hydro storage and constrained gas supply. Prices lately have been around the $300 to $400MWh mark – still well up on the 2018 and 2023 winter average of around $180/MWh. Energy Resources Aotearoa, which represents the fossil fuel industry, said it welcomed the Contact deal, which mirrors a similar one struck last year. Chief executive John Carnegie said industry players once again brokering a solution to security of supply issues was 'like a Band-Aid on a gaping wound'. 'Methanex is again propping up our electricity system and forgoing production and export earnings to do so, harming New Zealand's GDP and terms of trade,' he said in a statement. Vancouver-based Methanex is the world's largest producer and supplier of methanol.
National Business Review
07-05-2025
- Business
- National Business Review
Contact gets gas to run TCC this winter
Contact Energy has agreed to buy gas from Methanex to run its 330MW Taranaki Combined Cycle generation plant this winter. In a statement to the NZX, Contact said it would buy about 2.8PJ of gas over eight weeks, starting immediately. 'In light of the lowest first-quarter national hydro inflows on
