June 22, 2019 16:31

Methanol Firms Climbing the Value Chain

According to Globe Newswire, the global methanol market was worth $24.7b in 2018, registering a compound annual growth rate of 7.7% during 2011-18. According to estimates, the market is expected to reach a CAGR of 11.1% during the forecast period(2019-24)

Global methanol demand will grow by 6.5% in the next three years based on data from Methanex, the world’s largest producer and supplier of methanol.
Regarding the increase of methanol output in Iran, new projects are underway to help complete the value chain of the chemical, a board member of Ayandeh Institute of Methanol and Ammonia said.
According to the National Petrochemical Company's news agency NIPNA, Muhammad Ebrahim Yousefzadegan was speaking at the first conference and exhibition of methanol and value chain, held last week in the Shiraz Petrochemical Plant in southern Fars Province.

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