With several carbon capture and storage (CCS) pilot and demonstration units deployed worldwide, the complementary approach of carbon dioxide use to increase the unitization of fossil carbon is being suggested. Conversion of CO2 can lead to useful product. Methanol is a high volume platform chemical of universal use in chemical industry as well as applicable for fueling internal combustion engines. FReSMe project will demonstrate the production of Methanol (MeOH) using as feedstock CO2 from Blast Furnace Gas (BFG). This paper presents the process modelling of the FReSMe concept and compares it with a standard methanol synthesis plant with Natural Gas as feedstock. The production of methanol based on the concept proposed in the FReSMe project requires higher energy, but lead to a reduction of about 1036 kgCO2/tMeOH.