Russian Methanol Exports Declined in First-Half 2021

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Researched by Industrial Info Resources (Sugar Land, Texas)--Russian manufacturers reduced the export of methanol by 202,000 metric tons to 949,100 metric tons in January through June 2021, compared with the same period of 2020.

A decline in production at Tomet LLC's plant was caused by problems between shareholders. As a result, the plant was shuttered for several months and did not restart production until June. However, an increase in the volume of methanol purchases from one of the largest petrochemical companies, Nizhnekamskneftekhim, which also is planning to build its own methanol unit, occurred. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for the detailed report on the Nizhnekamskneftekhim project.

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