09 November 2009 00:48 [Source: ICIS news]
MEXICO CITY (ICIS news)--A jump in Brazil’s biodiesel mandate to 5% next year bodes well for the methanol industry, as the increase will translate into additional demand for the product, market sources said on Sunday.
Methanol is used as a reagent in the production of biodiesel.
The 5% mandate, which was originally scheduled to go into effect only in 2013, is expected to boost
“We are watching that [market] very closely,” an official with methanol producer Methanex said on the sidelines of the 29th Latin American Petrochemical Association (APLA) annual meeting in
Methanex supplies methanol to
However, only one of those plants is in operation due to natural gas shortages from neighbouring
The official said Methanex expects to restart a second plant in
The APLA conference continues through Tuesday
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