03 October 2010 13:00 [Source: ICIS news]
BUDAPEST (ICIS)--There is little expectation that future European methanol consumption will increase significantly above current levels, buyers said at an industry meeting on Sunday.
Although methanol-based operations were generally running at high rates, particularly in northern and western Europe, buyers said they do not expect to see much growth in overall European capacity, with the majority of global development concentrated in ?xml:namespace>
Buyers were speaking on the sidelines of the 44th annual European Petrochemical Association (EPCA) meeting in
“Our peak [consumption] was in 2007 and we’ve been pretty flat since then, at around 85-90%. There will probably be some growth in eastern Europe, but it will mostly be in
Another reason for the disparity in the two regions’ expected growth rates is the fact that energy and fuel applications, such as dimethyl ether (DME) production, is largely restricted to Asia.
“The energy uses haven’t really taken off in
One such example of new methanol-for-energy usage is the DME plant under construction by Arrtu Mega Energie in
This year’s EPCA meeting runs from 2-6 October.
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