Mitigating GHG emissions from industries and other sectors of our economy is a vital aspect of having a sustainable economy. This paper offers an in-depth process development and eco-techno-economic performance analysis of different methanol production pathways, namely CCU-assisted electrified reforming and CCS-assisted pathways, in comparison to conventional methanol production using natural gas. Through model simulations with Aspen Plus, eco-techno-economic analyses, and extensive sensitivity analysis, the research aims to provide valuable insights into the economic and environmental implications of these pathways. Our results revealed that our proposed electrified pathways, E-CRM-80 and E-CRM-90, show substantial reductions in capital investment by 27 % and 19 %, in comparison to TRM. In terms of economic viability, the MSP of methanol for E-CRM-80 and E-CRM-90 in regions with cheaper renewable energy sources is $291 and $319/tonne CO2, lower than the $377 and $670/tonne CO2 required for CCS and TRM. Notably, E-CRM-80 and E-CRM-90 surpass CCS in cost when the mitigation credit exceeds $300 and $350/tonne CO2. The integrated e-TEA/LCA model underscores the significance of electricity consumption in CCU processes, providing insights into the achievable lifecycle GHG reduction across all pathways. In Quebec, characterized by the lowest electricity cost, the electrified pathway requires a reduced life cycle GHG reduction credit, even lower than the CCS technology. For E-CRM-80 and E-CRM-90 to achieve lower GHG mitigation credits than the CCS pathway, the electricity grid must emit less than 37 and 11 g CO2/kWh. Conversely, in Alberta, with high electricity prices, CCU pathways are less favorable compared to CCS.