Eurasian chemical market

Russian Methanol Market State

     The competitiveness of Russian and CIS methanol producers has been always based on cheap gas. Despite huge logistics costs and out-dated technologies, Russian manufacturers successfully exported a significant part of their products. However, the global economic crisis has affected the Russian methanol market. A tremendous drop in demand has led to a dramatic price decrease. Local producers had to reduce methanol output, mothball expansion and upgrade projects, and postpone the creation of new capacities. According to analysts, the market can return to the pre-crisis level not earlier than in a year or two. So, now it’s high time to develop new projects on advanced methanol processing…

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