Comparison of methanol to other marine fuels over time. The Brent oil price is also included for reference. 

The methanol price is the listed price from Methanex. Dependin on currency, it is either the European Posted Contract Price or the North American Non-Discounted Reference Price. MGO and HFO prices are listed from Gothenburg, Sweden. 

Note that a default discount of 13% is applied to the methanol price. According to Platts this should reflect an estimated contract price.

Electrofuel in this context is methanol produced from electricity in Sweden. This fuel is not commercially available which means that the price plotted function more as an indicator of what the fuel price could look like rather than a real alternative today.

Calculating the price for electo-methanol is based on research from Maria Grahn, Chalmers University, and the spot price of electricity on the Nordic market Nord Pool, area s3 in Sweden.

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€/ton €/MWh
$/ton $/MWh