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Global methanol capacity is poised to see considerable growth by 2030, potentially increasing from 148.44 million tpy in 2019 to 310.94 million tpy in 2030, registering a total growth of 109%. Russia, Iran and the US are expected to drive capacity additions during the forecast period. Together these three countries will contribute around 59% of the total global methanol capacity additions, says GlobalData.
GlobalData’s report, ‘Global Methanol Capacity and Capital Expenditure Outlook to 2030’, reveals that Russia accounts for the highest capacity additions with 40.35 million tpy by 2030. Major capacity additions will be from the Sherwood Energy Maysky Methanol Plant with a capacity of 7.20 million tpy by 2030.
Russia, Iran, U.S. to lead methanol capacity additions by 2030
12/23/2020
Global methanol capacity is poised to see considerable growth by 2030, potentially increasing from 148.44 MMtpy in 2019 to 310.94 MMtpy in 2030, registering a total growth of 109%. Russia, Iran and the U.S. are expected to drive capacity additions during the forecast period. Together, these three countries will contribute around 59% of the total global methanol capacity additions, says GlobalData, a leading data and analytics company.
GlobalData’s report, “Global Methanol Capacity and Capital Expenditure Outlook to 2030” reveals that Russia accounts for the highest capacity additions with 40.35 MMtpy by 2030. Major capacity additions will be from the Sherwood Energy Maysky Methanol Plant with a capacity of 7.20 MMtpy by 2030.