APIC ’10: Economics to drive methanol-to-olefin development
14 May 2010 05:04 [Source: ICIS news]
MUMBAI (ICIS news)--Economics such as naphtha, ethylene, propylene and methanol prices are the key considerations in the development of methanol-to-olefin (MTO) projects, a consultant and traders said on Friday.
"It is a purely economics consideration depending on the methanol price,” said Masahiro Yoneyama, regional vice president of Asia, SRI Consulting, adding that such projects would be viable if the methanol price hovered around $200/tonne (€160/tonne). He was speaking on the the sidelines of the Asia Petrochemical Industry Conference (APIC) 2010.
Yoneyama highlighted the attractiveness of propylene, saying that supply of the olefin would be sh
Some traders highlighted the consideration of high utility and investment costs versus the returns, adding that Middle East-based producers stood a higher chance of finding viability in MTO projects due to their proximity to low feedstock prices.
Spot propylene prices on Friday were hovering at $1,260-1,320/tonne CFR (cost and freight) NE Asia, while methanol spot values across
MTO synthesis is a process that converts methanol into propylene and ethylene with the aid of a catalyst.
APIC takes place in Mumbai on 13-14 May.
($1 = €0.80)
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