Methanex, Other U.S. Methanol Producers See Projects Revive Alongside Hope for Industry
Attachment: US methanol 1021
SUGAR LAND--October 29, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Methanex Corporation (NASDAQ:MEOH) (Vancouver, Canada) offered some good news to its stakeholders--and the methanol market on the whole--when it recently announced it had restarted construction on a major methanol-production project that had slowed significantly amid the COVID-19 pandemic and sharply weakened prices. Global energy shortages and rising feedstock costs are bolstering methanol prices and improving the outlook for producers. Industrial Info is tracking more than $9.5 billion worth of active methanol-production projects across the U.S., more than $3 billion of which is attributed with a high likelihood (81% or more) of beginning construction as scheduled.
Within this article: Details on some of the highest-valued methanol-production projects to resume progress in recent months, including those from key players like Methanex, Celanese Corporation (NYSE:CE) and Syngas Energy Holdings LLC.
