Released July 10, 2019 | China
en
Cheap natural gas gives Russian methanol producers an opportunity to be competitive in foreign markets. Industrial Info is tracking more than 25 new methanol export-oriented projects that would produce more than 20 million tons per year. Click here for the list of projects.
A significant amount of Russian methanol is delivered to Europe. A new methanol production project can face logistics problems.
Russia's current methanol sea terminal is overloaded and a new one is not ready. Due to high transportation costs, Russian exports to Asian countries still are unprofitable. The situation could after a new methanol plant in east Russia starts operations.
The rising trend in China of methanol to olefins production has drawn the interest of Russian producers. Three new methanol-to-olefins facilities will launch by 2025, followed by production of polyolefins.
Russia has the potential to play a major role in the global chemical processing industry, but first needs to improve its infrastructure and logistics, simplify access to gas supplies, draw investments for new projects and map out a clear development strategy.
A significant amount of Russian methanol is delivered to Europe. A new methanol production project can face logistics problems.
Russia's current methanol sea terminal is overloaded and a new one is not ready. Due to high transportation costs, Russian exports to Asian countries still are unprofitable. The situation could after a new methanol plant in east Russia starts operations.
The rising trend in China of methanol to olefins production has drawn the interest of Russian producers. Three new methanol-to-olefins facilities will launch by 2025, followed by production of polyolefins.
Russia has the potential to play a major role in the global chemical processing industry, but first needs to improve its infrastructure and logistics, simplify access to gas supplies, draw investments for new projects and map out a clear development strategy.
