Methanex eyes more methanol use in gasoline

14 June 2007 17:06  [Source: ICIS news]

TORONTO (ICIS news)--Methanol would have a bigger role in global gasoline markets, were it not for political reasons and strong objections from oil companies, Methanex said on Thursday.

 

Apart from China, opportunities to use methanol in the gasoline pool have not yet caught on although it was inexpensive, relative to gasoline, Bruce Aitken, chief executive of the world’s largest methanol company, told an investor conference in Toronto.

 

The main reasons were the political nature of gasoline supplies and strong opposition from the major oil companies, he said. “There is huge opposition from Big Oil,” he said.

 

But Aitken said the situation may be changing, led in part by the drive to use more ethanol in gasoline. Methanol and ethanol were very similar molecules in terms of their use in gasoline, he said.

 

Methanex, for its part, was looking to promote methanol in gasoline, Aitken said. “There is potential to grow this globally.”

 

He added that he was encouraged by China, which approached methanol use in gasoline in a very pragmatic way.


By: Stefan Baumgarten
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly