As part of a new partnership to identify potential future customer adoption paths, Exxon Mobil Corporation and Porsche are testing advanced biofuels and renewable, lower-carbon eFuels. The partnership between Porsche and ExxonMobil will also concentrate on eFuels, which are artificial fuels created from hydrogen and collected carbon dioxide.
In order to further explore prospects for environmentally friendly methanol production in Antwerp, Belgium, INOVYN AG has announced its participation in the ambitious "Power to Methanol" project. INOVYN will contribute to a collaborative feasibility study for the synthesis of methanol from collected carbon dioxide and sustainably generated hydrogen as a member of a seven-member collaboration made up of top industrial and business partners.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5239
Published Date: Sep 15, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are the need for emergency power supply, the growing price of fossil fuel, and the reduction in price of automobiles.
The market size of methanol to gasoline is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2024 â€“ 2036.
The major players in the market are Exxon Mobil Corporation, ZeoGas, INEOS AG, Topsoe and others.
The transportation fuel segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.