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The elevated increase of CO₂ emissions related to activities of the extractive industry is becoming a challenging issue gradually affecting climate change and global warming. In this frame, the effective utilisation of CO₂ through the techniques of Carbon Capture and Storage (CCS) as well as Carbon Capture and Utilisation (CCU) can alleviate the greenhouse effect. Converting CO₂ into a value-added chemical or liquid fuel (e.g., methanol, hydrocarbons, propylene, dimethyl ether, ethylene, etc.) is a promising approach in this regard. Methanol (MeOH) synthesis offers a key feedstock for industries, being both an industrial commodity for several chemical products and an efficient transportation fuel. This article presents a review of the CCS and CCU technologies for the production of MeOH in extractive industries. The CCS technologies investigated in this framework are the amine-based absorption and the WGS-enhanced CCS. The CCU technologies are CO₂ hydrogenation and enhanced CO₂ transformation by the Fischer-Tropsch reaction. Incorporating these systems for the processing of the flue-gases of the extractive industries significantly reduces the CO₂ emissions, while creating new revenues by the production of valuable MeOH.