Oman Trading to market 1m tonnes methanol from Salalah line

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.

The Salalah-based methanol plant, a joint venture between Oman Oil and Oman Energy Trading, was expected to start up in the first quarter of 2010, the source said.

“Commissioning and first commercial volumes are expected in March or April,” he added

Most of the output would be marketed in Asia, a marketing manager at OTI had said earlier.

The natural gas feedstock for the plant would be supplied by Oman’s Ministry of Oil and Gas through an existing operational pipeline, the company said on its website.  

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.

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By: Heng Hui
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