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According to recent news from Arab Trade News, global methanol production capacity is expected to increase significantly by 2030, and it is expected to increase from 144.
According to recent news from Arab Trade News, global methanol production capacity is expected to increase significantly by 2030, and it is expected to increase from 144.
GlobalData's latest "Global Methanol Production Capacity and Capital Expenditure Outlook Before 2030" report shows that Russia's new methanol production capacity before 2030 is 40.
GlobalData said that Iran will be the world's second largest country with increased methanol production capacity, and will add 29.
The United States will become the world's third largest country with increased methanol production capacity, and will add 23.
GlobalData oil and gas analyst Dayanand Kharade said: "The ample supply of cheap raw materials from Russia and Iran, as well as the advantages of shale gas in the United States, are the main reasons for the surge in methanol production capacity in these countries.