Planned Global Methanol Capacity Continues to Rise
Posted on October 22, 2012 at 03:04 AM EDT
SUGAR LAND--October 22, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Producers of methanol, a building block chemical, are taking advantage of low-cost natural gas feedstock and an improvement in demand to build new capacity. Methanol is a key feedstock used in the production of many other chemical commodities , such as formaldehyde, alternative fuels and others, helping to increase demand. There are three capital projects currently planned in the U.S. to increase methanol production capacity, with a total investment estimated at $1.3 billion. Featured companies: Celanese Limited (NYSE:CE) , Methanex Corporation (NASDAQ:MEOH) , Jacobs Engineering Group Incorporated (NYSE:JEC) , Total S.A. (NYSE:TOT)