The current instability in natural gas prices due to the Russia-Ukraine conflict has shifted focus towards methanol as a potential synthetic fuel. Methanol is seen as a candidate for clean energy and a liquid organic hydrogen carrier, with the ability to reduce carbon emissions in transportation. The price of methanol is heavily dependent on raw feedstock costs, prompting the need for more research and development to stabilize prices. Methanol production capacity is expected to increase in the coming years, with attention on utilizing it as a source of clean energy. Recent studies are exploring hybrid systems that combine carbon capture, renewable energy, and methanol production to improve energy efficiencies and reduce carbon emissions. These integrated systems show promising results in terms of technical feasibility and economic viability. Additionally, chemical looping, as a form of carbon utilization, is gaining traction for thermochemical dissociation of waste gas, aided by renewable energy sources for heat requirements. Overall, the shift towards methanol and innovative approaches to energy production demonstrate a positive outlook towards cleaner energy solutions in a volatile energy market.