01 February 2010 06:01 [Source: ICIS news]
SINGAPORE (ICIS news)--Trading company Oman Trading International (OTI) expects to market around 1m tonnes of methanol in the first year of operation of a new 1.3m tonne/year plant in the country, a company source said on Monday.
“Commissioning and first commercial volumes are expected in March or April,” he added
Most of the output would be marketed in
The natural gas feedstock for the plant would be supplied by
In order to facilitate logistics, OTI had signed time charter agreements to charter two dedicated tankers for the business, the source added.
The current global demand for methanol totals more than 45m tonnes/year, and has been growing at a rate of 2-3% per annum.
For more on methanol visit ICIS chemical intelligence
Please visit the complete ICIS plants and projects database
To discuss issues facing the chemical industry go to ICIS connect
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|