U.S. Continues to Develop Methanol Capacity, Sees $12.5 Billion in Related Projects
U.S. Continues to Develop Methanol Capacity, Sees $12.5 Billion in Related Projects
Attachment: methanol
SUGAR LAND--May 25, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Methanol projects slowed during 2020, as a result of the chemical's common derivatives demand being affected by the hard-hit automotive and construction industries. But Industrial Info is tracking 21 active methanol projects in the U.S., worth almost $12.5 billion, that account for nearly 14.7 million metric tons per year of installed or planned methanol capacity.
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