Russia methanol producers face export pressure
05 November 2008 10:51 [Source: ICIS news]
DUBAI (ICIS news)--Russian methanol producers are expected to face competition with Middle East and other low-cost suppliers as exports are needed to maintain production levels, predicted Etienne Dor, vice-president, Europe, Africa and Middle East, of Jim Jordan & Associates.
“Much enthusiasm persists in the Russian methanol industry with many projects on the chalkboard,” he said at the 2008 Methanol Forum.
However, he questioned the speed at which the projects can proceed, with none expected on stream by 2010.
Projects under consideration include a 320,000 tonne/year plant for
Japanese interests have joined Nizhnekamskneftekhim’s 200,000 tonne/year methanol project in Nizhnekamsk, Tatarstan, which is intended to meet demand from its MTBE plant, according to Dor.
A Japanese trading firm is reportedly doing a feasibility study for a 500,000 tonne/year facility in
Dor also noted that a gas-to-chemicals complex in Yakutia, east
The forum is organised by Houston-based consultants Jim Jordan & Associates and Washington, DC-based Methanol Institute.
For more on methanol visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect
By: Peter Taffe
+44 20 8652 3214
< previous article(VIDEO - ICIS news Asia Lunchtime Bulletin 2 November 2009)
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.
Links posted in this story:
|
|
Related Articles
- 08 Dec 08 15:51 Russia’s Novocherkassk methanol project suspended
- 05 Dec 08 14:22 Nafta Petrochem's methanol unit down until Q2 '09
- 11 Nov 08 10:07 Russia's Jan-Sep fertilizer exports fall 1.6%
- 05 Nov 08 11:03 Europe methanol demand to suffer in slowdown
- 05 Nov 08 12:37 Methanol won't often dip below $250/t - analyst
- 05 Nov 08 04:19 Xinjiang methanol plants offline due to gas mandate
- 05 Nov 08 03:24 Iran's Zagros II methanol unit start up by Q1
- 04 Nov 08 16:24 Methanol growth boost from emerging applications
- 31 Oct 08 17:34 Methanol Institute raises alarm about pirates
- 29 Oct 08 22:18 US Gulf spot methanol prices may fall below $1
Latest News
- 26 Nov 09 19:33 Corrected: Aromatics trading takes financial muscle and global reach
- 26 Nov 09 17:53 Black Sea prilled urea climbs $7-12/t, follows rise in granular
- 26 Nov 09 17:47 Offers under Engro DAP tender reflect sellers’ higher price ideas
- 26 Nov 09 17:41 Initial Europe December propylene settles up €10/tonne
- 26 Nov 09 17:25 MOVES: Austria’s Donau Chemie appoints Geiger as CEO
Barbara Ortner looks at the off-beat and unusual side of chemical industry life.
ICIS Chemicals Confidential