Eurasian chemical market

The Methanol Economy Outlook

The global methanol market is gaining momentum, outstripping all recent estimations. As a prospective alternative energy source, methanol is finding more and more new applications in various industries. The current world’s methanol capacity amounts to 61m tonnes and new projects are currently underway. The leadership in the methanol industry is determined by the access to natural gas. The key producers are therefore Russia, the Middle East, Africa and South America. Today’s methanol industry is comprised of around 90 companies, the largest of which is the U.S. Methanex with the 15% share in the aggregate global output. Methanex is followed by many other large-scale players providing best solutions to methanol production. The article provides an in-depth review of the latest events from the global methanol market, including the key players and prices.

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