“…In this regard, the potential of “renewable methanol”, which is produced from CO 2 , water, and renewable resources, was investigated by many pioneering studies ( Abate et al., 2015 ; Chen et al., 2019 ; Li et al., 2020 ; Robinius et al., 2017 ). It is noteworthy that most studies exploring the renewable methanol concept are limited to industrial scope by simply assuming abundant renewable energy and large demand of chemical products ( Al-Qahtani et al., 2020 ; Chen et al., 2019 ; Zhang et al., 2020 ). However, the impact of feedstock availability, technology transfer and penetration, and market structure are not taken into consideration.…”