Methanol is a versatile high octane, clean burning automotive fuel that is increasingly replacing gasoline, diesel and marine bunker fuel. It is also a fuel for direct oxidation methanol fuel cell, chemical feedstock to make ethylene, propylene and myriad of other chemicals and a convenient on-demand high-density hydrogen storage medium that does not require major changes to the existing infrastructure. Our recent studies on integrated carbon dioxide capture from point sources including air and its reductive conversion to methanol with hydrogen will be discussed using homogeneous as well as heterogeneous catalysts under moderate reaction conditions.