09 December 2009 18:28 [Source: ICIS news]
MIAMI (ICIS news)--Developing methanol from the US' vast reserves of natural gas locked in shale is possible, but only if the cost of natural gas stays under $5/MMBtu, a methanol industry advocate said on Wednesday.
Speaking on the sidelines of the CMAI World Methanol Conference in ?xml:namespace>
“At [a natural gas cost of] $8-9/MMBtu, no, but at a natgas cost of $3-4/MMBtu, the answer is yes,” Dolan said.
However, some market players brought an attitude of resentment regarding the notion of domestic methanol production ramping up, hinting that market share would likely be cut.
“The producers from
According to the US International Trade Commission (ITC),
Consultant Darryl Rogers of Purvin & Gertz called the vast reserves of shale gas in the
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