FOR THE FUTURE When extra energy is not used, it can be used to create hydrogen or methanol. Methanol is a type of alcohol that is light and colorless with a unique smell. It is the simplest form of alcohol and combines carbon monoxide gas and hydrogen with a catalyst. In 2020, the global methanol market was worth US$26 billion, with a production capacity of about 150 million metric tons worldwide. Production occurred in Asia, North and South America, Europe, Africa, and the Middle East. In 2020, the global demand for methanol was approximately 98 million metric tons. Methanol is becoming increasingly popular due to its low emissions, and there is growing interest in clean- burning fuels and regulatory changes.
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