DoubleTree by Hilton Shanghai - Pudong
"Balancing Feedstock Economics,
"After LNG, China test drives methanol-fuelled cars"
"Strategizing on Feedstock Economics for New Demand Applications"
Asia's methanol demand (67% of global demand statistics) has surpassed western markets with drivers such as the Chinese robust methanol supply chain and healthy demand growth from derivatives. Amongst all derivatives and applications, dimethyl ether (DME), methyl tertiary butyl ether (MTBE) and methanol-derived olefins (MTO) are responsible for the accelerated demand growth for methanol. With little production capacity expansion, price of methanol in Asia is expected to head north.
MTO has now progressed to the commercialized stage with Shenhua Baotou's production coming on-stream. The CAPEX intensive MTO technology has its environmental challenges to overcome: what are the producer's and industry's perspectives in managing the operations?
From a chemical commodity, methanol has found new home as energy resources particularly in transportation. China's recent announcement of testing Methanol-fuelled cars in 3 provinces from March 2012 has confirmed the country's commitment for alternative fuels. Will the success of this program be emulated by other countries?
Attend CMT's 7th Methanol Markets & Tech to assess details on the latest growth of the methanol sector, both commercially and technological advances.
You will network with:
- Presidents - MDs - SVP - VPs - Commercial Directors/Advisors
Multiple Benefits Include:
So mark your calendar today and register with your team for this event!
|PROFILE OF PAST YEAR ATTENDEES|
|Here's what delegates said about our 6th Methanol Markets & Tech held in Dubai on 13 & 14 June 2011|
"Very useful event for meeting producers & technology providers."
"Good information about methanol market."
"It was (a) good interactive event."
"A short & sweet networking opportunity with big industry players."
|Related articles for your reference and reading pleasure:|
A recent report by GBI research suggested that with the large interest in biofuels and biobased raw materials in recent times, Asian markets, especially China and the Middle East might become the centre of the methanol economy. It also revealed that the booming methanol market will generate huge revenues for the Asian and Middle Eastern economies. 2010 studies also showed that 64% of the global methanol demand arose from the Asia-Pacific region. Current analysis estimate that almost 25% of the global methanol demand came from applications in the energy sector. The global methanol demand stands at 44.9 million tons per year.
With the advantage of relatively low operating costs, a number of methanol players are setting up operations in China. If such developments keep up, it could mean that the country may become the leading methanol market very soon.
The Middle East has also emerged as a rival in the methanol industry with its availability of low cost natural gas feedstock, which in turn permits cost-effective methanol production. The recent increase in capacity additions could result in increased exports, thus providing stiff competition in the industry.
Due to cost advantages over traditional crude oil based naptha-cracking, GBI expects a huge demand for MTO/MTP in the future. The global demand for methanol in 2020 is expected to reach 122.6 million tons.
Such is the current scenario in the industry. As a matter of fact, further updates on global methanol market dynamics, technology updates on MTO/MTP, DMTO, Fuel Cells, and more, will be explored at the 7th Methanol Markets & Tech conference in Shanghai. This 1.5 days event which is taking place next week on 10-11 May has already garnered participation from companies such as BP (China) Holdings, BP Singapore, Chemanol, Haldor Topsoe, Japan Petroleum Exploration, Mitsubishi Chemical Corporation, Salalah Methanol Company, Sasol Synfuels International, Shanghai Bi Ke Clean Energy Technology, Shanghai Ginga Energy Information Consultancy, Sumitomo Corporation, and many more.
View complete article here.
MEO Australia, an oil and gas explorer recently said that big industry players have formally conveyed an interest to purchase methanol from its Tassie Shoal project, owing to the forecasted spike in the demand for methanol as fuel replacement.
Customarily, methanol is used as a primary feedstock in the chemical industry. A point of note is that carbon dioxide can be retained in the production of methanol, unlike the necessity to have it stripped in the production of liquefied natural gas.
Chief Executive Jurgen Hendrich stated that the strong expressions of interest received from highly credible customers were extremely encouraging. As per the company’s reports, 100% of the Tassie Shoal Methanol Plant output could be pre-sold judging by the current indicated demand from potential customers.
In view of the growing demand for methanol in multiple industries, 7th Methanol Markets & Tech on 10-11 May, 2012 in Shanghai is well placed to examine the latest on the global methanol market dynamics, global trade flow and pricing trend, China's economic growth & corresponding development in its methanol demand & production, and theOutlook on regional methanol markets, from India, SE Asia and Australia, and much more.
To read the complete article, click here.
The Ministry of Industry and Information Technology of China (MIIT) has decided to conduct testing methanol-powered cars in Shaanxi province, Shanxi province and Shanghai effective March 2012 and evaluation period could last two to three years. According to calculations by the Methanol Institute, methanol is still cheaper than gas.
Methanol, the greener option is proving to be a promising alternative fuel. To provide more updates on this and more, 7th Methanol Markets & Tech conference on 10-11 May 2012 in Shanghai has secured Jiang Lianbao, Deputy Director of China Association of Alcohol & Ether Clean Fuels and Automobiles (CAAEFA ) to share his perspective on the matter as he delivers his presentation entitled “ Rise of Methanol-Gasoline Fuel-Blending & Expected Growth & Demand in China”
China’s Hebei province plans to make Tangshan as the pilot city for the supply of M15 methanol gasoline. Anticipated to start supply in June 2012 with 200,000 tonne/unit, the government may even consider replacing ethanol gasoline, methanol prices being lower than ethanol. According to industry reports China's methanol gasoline consumption was estimated to about 2m tonnes in 2011.
Asian methanol market is poised to demonstrate robust growth in the coming years. Moreover, the huge opportunities in the Asia-Pacific market, especially led by the Chinese demand are expected to fuel the market growth. To present more updates on Methanol & feedstock market dynamics, key factors driving market growth, CMT is organizing it’s 7th Methanol Markets & Tech conference on the 10-11 May, 2012 in Shanghai, China.
Read complete article here.
The construction of methanol plant in Azerbaijan is expected to be completed by the end of this year. Nizami Piriyev, President of AzMeCo (Azerbaijan Methanol Company) noted that the 90% of plant’s output will be directed for export, but there are plans to use methanol as raw material for several new businesses to promote the use of methanol in the country. The overall value of the project is estimated to be over $400 million. Production is scheduled to begin in April and reach its full capacity of 560,000 tons in June 2012. Reportedly, Azerbaijan’s methanol production will increase by 720,000 tons per year. AzMeCo is the sole methanol plant in Azerbaijan and also the only one in the South Caucasus and Central Asia.
Riding on the increasing global methanol production capacity and growing consumption, CMT will host its 7th Methanol Markets & Tech on the 10-11 May, 2012 in Shanghai . The 2012 edition of the annual event which was previously held in Dubai and Muscat seeks to present in-depth insights into global methanol & feedstock (Coal, Natural Gas, etc) market dynamics, emergence of methanol futures trading & opportunities, methanol pricing outlook, trade-flow & shipping/freight market and more.
Read complete article here.