30 January 2007 08:06 [Source: ICIS news]
SHANGHAI (ICIS news)--Methanol-to-olefins (MTO) production from methanol will be commercially viable in some parts of the world where cheap gas feedstocks are available, a US-based consultant said on Tuesday.
Regions such as the Caribbean and Middle East would have a stronger advantage, Robert Bauman, vice president of Nexant ChemSystems said at the 2nd ICIS Asian Olefins conference in Shanghai.
Such projects were being heavily developed, he added.
Long-term high energy prices will have a strong impact on the petrochemical industry, Bauman said, adding that this has spurred interest in developing technologies using alternative feedstocks to produce olefins.
Methane-based petrochemicals were an economical alternative, he said.
Olefins are traditionally derived from crude oil and natural gas.
The two-day conference ends on Tuesday.
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