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Planned Global Methanol Capacity Continues to Rise

chemical_processing

Industry Segment: Chemical Processing | Word Count: 518 Words

SUGAR LAND--October 22, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Producers of methanol, a building block chemical, are taking advantage of low-cost natural gas feedstock and an improvement in demand to build new capacity. Methanol is a key feedstock used in the production of many other chemical commodities, such as formaldehyde, alternative fuels and others, helping to increase demand. There are three capital projects currently planned in the U.S. to increase methanol production capacity, with a total investment estimated at $1.3 billion.

Featured companies: Celanese Limited (NYSE:CE), Methanex Corporation (NASDAQ:MEOH), Jacobs Engineering Group Incorporated (NYSE:JEC), Total S.A. (NYSE:TOT)


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