With approximately 70 MM MTPA demand volume, merchant methanol markets create many intermediates as a stepping
stone to many finished products. The methanol industry spans the entire globe, with production in Asia, North and
South America, Europe, Africa and the Middle East. Worldwide, over 90 methanol plants have a combined production capacity
of about 110 MMMTPA (almost 36.6 billion gallons or 138 billion liters). According to IHS, global methanol demand
reached 70 MM Mts in 2015 (23 billion gallons/87 billion liters), driven in large part emerging energy applications
for methanol which now account for 40% of methanol consumption. Each day, nearly 200,000 MT of methanol is used as a
chemical feedstock or as a transportation fuel (67 MM gallons=254 million liters). That’s enough methanol every day to fill
nearly 7,500 tanker trucks stretching end-to-end for 63 miles or 100 kilometres. The methanol industry is not just methanol
producers from a wide array of feedstocks, including natural gas, coal, biomass and waste. The industry is also made up of
distributors, technology innovators, downstream manufacturers and service providers. The global methanol industry generates
$55 billion in economic activity each year, while creating over 90,000 jobs around the world. Figure 4 shows how methanol
utilized as an intermediate to other products:
Methanol is an essential part of our comfortable every day living. From morning to dawn, methanol has enabled you
silently to function during your daily activities. You can find methanol in the silicone of your shampoo to the plastic
water bottle you purchased at the convenience store. You can also find methanol in many of the components of
the car drove to work and possibly the fuel you used in your car. It is also present in the fleece jacket you put
on to keep you warm and the pharmaceuticals you took to help you fight off your cold.
The fact is, you are surrounded by products that contain methanol, even though you might not have even known it!
Methanol helps support our everyday lifestyles, enriching the quality of the goods and services we have grown to expect
for many years.
Learn and be aware of its new uses!
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