15 March 2007 13:58 [Source: ICIS news]
SINGAPORE (ICIS news)--US oil major ExxonMobil is looking for an opportunity to use its methanol-to-olefins technology, a senior company official said on Thursday.
The technology is now ready for commercial use.
“We’re at a juncture where we’re looking for the appropriate opportunity to bring it to the market in a commercial facility,” Lynne Lachenmyer, ExxonMobil Chemical’s Asia Pacific manufacturing director, told ICIS news.
The plant’s capacity could be adjusted to a variety of sizes and it can compete on the equivalent of a worldscale 1m tonne/year cracker, she added.
The plant will require access to either a large pool of gas to convert to methanol or a large pool of methanol, she said.
The most appropriate location for this was more likely in the Middle East rather than in Asia, although there could be opportunities with continued development around ?xml:namespace>
“We don’t have anything that’s focused on the coal-to-methanol side, but if there is a methanol source, certainly this technology can be used in the methanol-to-olefins portion," Lachenmyer said.
“It’s a matter of finding the right fit in terms of the project scope as well as market demand needs for the products.”
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