18 October 2007 23:42 [Source: ICIS news]
TORONTO (ICIS news)--Methanol has a bright future as a transportation fuel in China but faces steep obstacles in the US market, an industry consultant said on Thursday.?xml:namespace>
Richard Bechtold, senior programme manager with US-based consultants Alliance Technical Services, told the 2007 Methanol Forum that blending methanol with gasoline in the ?xml:namespace>
In addition, he noted that in the
Bechtold said in the 1970s through early 1990s
But with relatively low oil prices in the 1990s and a methanol price spike in mid-1990 the impetus to further develop methanol cars and associated infrastructure was gone, he said.
The bleak outlook for the
Bruce Aitken, chief executive of Methanex, also noted that “The Chinese government is exploring the energy value of methanol in ways that will profoundly change our industry.”
The country’s authorities were examining national blending standards and methanol was being blended into gasoline in the country’s coal-producing regions, Aitken said.
Jim Jordan, of Houston-based consultants Jim Jordan & Associates (JJA), said Chinese methanol market sources indicated that
Co-sponsored by JJA and the Washington, DC-based Methanol Institute (MI), the two-day 2007 Methanol Forum ends on Thursday.
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections