17 March 2008 09:24 [Source: ICIS news]
SHANGHAI (ICIS news)---Dimethyl ether (DME) is expected to become a major substitute for liquefied petroleum gas (LPG) in the next two years due to its lower price, and its environmentally-friendly properties, market participants said on Monday.
Producers and traders believe that DME will grow to become a new alternative source of clean energy on the back of climbing crude and LPG values. DME is priced lower than LPG at yuan (CNY) 200-300/tonne ($28-42/tonne).
DME, currently the most popular alternative fuel, can be used not only as motor fuel, but also as an alternative to LPG for household use. The China Petroleum and Chemical Industry Association approved DME as an alternative to LPG on 1 January, 2008, they added.
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“The main direction of DME in the next 10 years is as an alternative household fuel.
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