14 August 2012 06:45 [Source: ICIS news]
SINGAPORE (ICIS)--Deepak Fertilizers and Petrochemicals’ 100,000 tonne/year methanol unit at Taloja in ?xml:namespace>
“The price of natural gas now is $14/mmBTU [million metric British thermal unit] (€11/mmBTU) and it is no longer cost effective to produce,” the source said.
Power generation and fertilizer production take priority in usage of natural gas, which is in short supply in
“All the gas is being channelled to ammonia production,” the source said.
With the market condition unlikely to improve for the rest of the year, Deepak Fertilizer is considering importing methanol to continue selling to domestic customers, the source said.
Other methanol producers in
Methanol is used in the production of formaldehyde, tert-amyl methyl ether (TAME), methyl derivatives such as methyl chlorides and methyl amines, acetic acid, and as solvents in pharmaceutical and paint industries.
($1 = €0.81)
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