Platts to amend North American production cost-based renewable methanol methodology

Platts, part of S&P Global Commodity Insights, has decided to amend the methodology for its North American production cost-based renewable methanol cost assessment to better align with market practices, effective June 2, 2025.

Namely, Platts will change its electricity price input from a daily variable to a previous-quarter average input.

The assessment will represent the cost of production, transportation and storage for renewable methanol, underpinned by the average of the Platts previous-quarter daily electricity price assessments and its daily natural gas assessments (IGBAP00, GTFWD00, LJNCG00).

The assessment will continue to be aligned with the assumptions of the Process Economics Program (PEP) formula, which provides a calculation of production costs for renewable methanol, produced via electrolysis and direct air-captured carbon dioxide.

Please send all comments, feedback and questions to petchems@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and make comments not marked as confidential available upon request.