Three European energy companies are collaborating to establish an e-methanol plant in Spain, with a focus on decarbonizing industries by utilizing captured biogenic carbon dioxide to produce synthetic methanol. The project, situated in Puertollano, Ciudad Real, involves Magnon managing the carbon capture aspect, while Power2X and ErasmoPower2X will be responsible for the hydrogen supply, particularly green hydrogen. The initiative aims to address the challenge of decarbonizing hard-to-electrify sectors in Spain, supporting the country's goal of achieving a fully renewable energy system by 2050. E-methanol, created through the combination of green hydrogen and captured CO2, is a fossil-free feedstock that can find applications in various industries like steel, automotive, refineries, and aviation, contributing to reducing carbon emissions. Spain's increasing emphasis on green hydrogen production and its strategic location as a renewable hydrogen hub in Southern Europe are crucial aspects of this development. With over 20 e-methanol and power-to-liquid fuel projects in the pipeline, Spain is actively progressing towards its renewable energy objectives, in alignment with European decarbonization goals such as the Renewable Energy Directive (RED III), EU Hydrogen Strategy, and the RePowerEU plan. These initiatives are set to drive the transition towards synthetic fuel production to replace traditional fossil fuels, marking a significant step in combating climate change.