Published on December 11, 2017
Cabinet minister Nitin Gadkari said on Saturday said that the government would soon announce a policy for 15% blending of methanol in petrol to make it cheaper and to reduce pollution. “In the coming session of Parliament, I am announcing a policy of blending 15% methanol in petrol,” he said at an event here. Methanol was made from coal and cost only ₹22 a litre as against the prevailing price of ₹80 a litre for petrol. China was making the coal byproduct for ₹17 a litre. &ldq ..
Published on December 8, 2017
Methanex has signed an agreement with Empresa Naiconal for additional supply of natural gas to its Chile based operations through December 2019. The unit based in Chile will start its operations by 2018. According to company officials, they continue to be optimistic that their underutilized 1.7 million tonne Chile operations represent a very low capital cost growth opportunity for Methanex due to the significant progress in developing natural gas reserves in the area.” Methanex is a Vancou ..
Published on December 7, 2017
There has been decline in imports of isomer grade Mixed Xylene in China. There has been bulk in domestic production in this year. The shutdown of downstream units of Para Xylene for maintenance has also added further material in the market. The availability of cheap cargoes along with shorter delivery period has put an additional pressure on imports of isomer grade Mixed Xylene. The scenario is likely to dominate the market few more months. As soon as the other downstream units will resume their ..
Published on December 6, 2017
China based company Sichuan Chunwaei is planning to shut its methanol unit. The company has taken this decision as its major chunk of supply of feedstock natural gas is being supplied for local applications. Government is very strict for pollution norms and is focusing more on production of methanol using natural gas rather than coal. The unit will go off-stream on 10th December 2017. The unit is based at Sichuan province of China and has the manufacturing capacity of 870 kt/year. ..
Published on December 5, 2017
China’s CAS Holdings, an investment arm of China’s Academy of Science, is planning for project which will turn natural gas into methanol on the U.S. West Coast and shipping the fuel to Chinese factories and chemical makers, Chinese executives said. The project is part of company’s plan in order to build supply chain for methanol, potentially China’s next alternative industrial and transport fuel. The project is based at Kalama port in the US state of Washington on the Col ..
Published on December 4, 2017
Toluene prices may plunge in December on feeble demand sentiments from end users. Currently toluene prices were evaluated in the range of USD 750-770/mt CFR India and USD 690-710/mt FOB Korea. As per report, in South China prices will soften in the coming weeks since demand in the region has weakened, while supply increased. Market source said that downstream coating sector, producers are also planning reduce output during the winter season, evaluating on demand for toluene. Sinopec Hainan Ref ..
Published on December 2, 2017
New process which could produce methanol directly from methane considered a low-cost and environment friendly process. The direct oxidation of methane -- found in natural gas -- into methanol at low temperatures has long been a holy grail. Now, researchers have found a breakthrough way to accomplish the feat using a heterogeneous catalyst and cheap molecular oxygen. The process is under research and if successful then could be a major supporter in reducing the pollution along with hogher product ..
Published on December 1, 2017
Canada based Methanex has announced its ACPC for the month of December 2017. It has increased its contract prices for the month October by USD 30/MTS. Asian Contract prices are posted at USD 430/MTS. Prices posted for the region of Europe around Euro 330/MT. ..
Published on November 30, 2017
SOCAR Methanol LLC has decided to reduce its supplies of methanol to international market. The country will focus more on domestic supplies. At present only 5% of production was supplied for domestic purpose remaining 95% was directed for international supplies. Production at Azerbaijan’s methanol plant, the only plant of this kind in the South Caucasus and Central Asia, started in January 2014. The plant’s annual capacity is 650,000-700,000 tons. SOCAR acquired the plant from the ..
Published on November 30, 2017
Recently Saudi Aramco signed a deal of 20 billion dollar joint venture for a crude oil-to-chemicals complex in Saudi Arabia. Aramco and Saudi Arabia’s chemicals company SABIC signed a memorandum of understanding to develop a fully-integrated crude oil to chemicals (COTC) complex in Saudi Arabia, planned to process 400,000 bpd of crude oil. Start-up of operations is expected in 2025 and the complex is expected to produce some 9 million tons of chemicals and base oils per year. Aramco will b ..