National methanol production capacity
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What is the total methanol production capacity in the country in tens of thousands of tons? Could you provide the capacity distribution or the manufacturing companies? Thank you O(∩_∩)O
Latest developments in the methanol industry http://bbs.hcbbs.com/thread-1496643-1-1.html
In 2014, China’s methanol production capacity was 68.61 million tons, with a growth rate of 23%, which was significantly higher than in previous years； The growth rate of methanol production capacity during the year was relatively fast, mainly driven by the rapid development of coal-to-methanol-to-olefins projects. As of May 28, 2015, according to data from JinYinDao, China’s methanol production capacity stood at over 69 million tons ； The growth of newly launched projects in the first half of this year was limited, and the progress of some of these new projects was significantly slower than in previous years. (Chart 1: Comparison of new methanol production capacity in China from 2013 to the first half of 2015) Data source: Jinyin Island. Chart 1 shows that in the first half of 2015, three new methanol production projects were put into operation in China, with a total annual production capacity of 470,000 tons ； Only one project in the Northwest region with an annual production capacity of 300,000 tons has been put into operation. The external environment has been unfavorable this year, and the overall economic conditions mean that it will be difficult for this industry to achieve significant growth during the year. By tracking the operational data of several listed companies, it is not difficult to see that some of them are facing financial difficulties. Looking at the statistics by raw material, coal-based enterprises in China generally have better operating conditions than gas-based enterprises. It is reported that although a small number of enterprises utilizing natural gas have started operations in our country, only about 30% of the natural gas-to-methanol production facilities are currently in operation. In the southwest and northwest regions, there are many plants using natural gas that are not operational, and the specific measures to be taken vary from enterprise to enterprise.