• Member Login
  • |
  • Join Now
PESA - Petroleum Exploration Society of Australia

Promoting Professional and Technical Excellence in Energy Geoscience - Networking, On-going Professional Education, Monthly Technical Meetings

  • Home
  • About
    • Objectives
    • PESA History
    • PESA Affiliates
    • Financial Protocols
    • Constitution and Rules
    • Strategic Plan
  • Events
    • Online
    • ACT
    • QLD
    • SA / NT
    • VIC / TAS
    • NSW
    • WA
    • Industry Events
    • Social Events
    • Past Events
  • Memberships
    • Join Us
    • PESA Membership Awards
  • Latest News
    • Feature Articles
    • Industry
    • Company Updates
    • Tech Talk
    • PESA Branch Activities
  • Library
    • Technical Library
    • PESA News Magazine
    • Knowledgette Recordings
  • Scholarships
  • Employment
    • View Job Opportunities
    • Submit Job
  • Contact
Feature Articles
Industry

Russia, Iran and the US to lead global methanol supply increases by 2030

By Dale Granger | 05/01/2021

Global Methanol

05/01/2021 by Dale Granger

share
share
tweet

Global methanol capacity is poised to see considerable growth by 2030, potentially increasing from 148.44 million tonnes per annum (mtpa) in 2019 to 310.94 mtpa 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 data and analytics company, GlobalData.

Glasnost

GlobalData’s report, ‘Global Methanol Capacity and Capital Expenditure Outlook to 2030’ reveals that Russia accounts for the highest capacity additions with 40.35 mtpa by 2030. Major capacity additions will be from the Sherwood Energy Maysky Methanol Plant with a capacity of 7.20 mtpa by 2030.

GlobalData identifies Iran as the second highest country in terms of capacity additions, with capacity of 29.39 mtpa by 2030. Major capacity additions will be from the Mahan Chemical Zagros Petrochemical Eslamabad-e-Gharb Methanol Plant, with a capacity of 1.85 mtpa by 2030.

The US will be the third highest country in terms of capacity additions, with capacity of 23.74 mtpa by 2030. Major capacity additions will be from the NW Innovation Works Kalama Methanol Plant and NW Innovation Works St. Helens Methanol Plant, each with the capacity of 3.60 mtpa by 2030.

Sherwood Energy Ltd, IGP Methanol LLC and NW Innovation Works Inc will be the top three companies globally in terms of planned and announced capacity additions during the outlook period.

Dayanand Kharade, Oil and Gas Analyst at GlobalData, says: “The abundant availability of low-cost feedstock in Russia and Iran and the shale gas advantage in the US are the primary reason for the rush in methanol capacity additions in these countries.”

Related Articles

North America expected to add 265 mtpa of LNG liquefaction capacity in 2023

01/04/2019

Global LNG capacity is set to soar

25/06/2018

Japan is the land of rising LNG regasification

19/03/2018

Drone attacks put petrochemical feedstock supply under strain

24/09/2019

Show CommentsHide Comments

Become a Member

petroleum exploration society member badge

Join PESA now and enjoy full membership benefits

  • access to fully searchable technical library
  • extensive networking opportunities with industry leaders and peers
  • further professional education and training
  • and more!

VISIT MEMBERSHIP PAGE

Upcoming Events

Thu 28

PESA SA/NT Technical Luncheon: Is there any room for gravity in petroleum exploration? Let’s open the door.

Thursday, 28 January @ 12:00 pm - 2:00 pm (Australia/Adelaide time)
Feb 09

LIVE WEBINAR – The Energy Transition – Challenges and Opportunities for the Oil and Gas Industry and its Professionals

Tuesday, 9 February @ 11:00 am - 12:00 pm (Australia/Perth time)
Feb 18

PESA WA Technical February lunch talk- Spatial and Stratigraphic Controls on Burial Diagenesis and Reservoir Quality in the Triassic Mungaroo Formation

Thursday, 18 February @ 12:00 pm - 2:00 pm (Australia/Perth time)
Sep 15

Save the Date – AEGC 2021

Wednesday, 15 September @ 8:00 am - Monday, 20 September @ 5:00 pm (Australia/Brisbane time)

View all events »

View Upcoming Events By Branch

PESA Events by State PESA Events in Western Australia PESA Events in South Australia and Northern Territory PESA Events in Victoria and Tasmania PESA Events in NSW PESA Events in Queensland

(Click on the the map)

PESA MAGAZINE – LATEST EDITION

PESA News Issue 159

Previous Editions

Most Popular Posts

Popular Posts

  • CUE Permits NWS Ironbark exploration well delivers a disappointing duster
  • CO2CRC commences CO2 injection at the Otway International Test Centre
  • Shell’s Prelude resumes production after almost one year
  • Total Mozambique LNG Plant Mozambique soldiers repel insurgent attack on Total LNG project
  • Total Mozambique LNG Plant Total withdraws workers as attacks close in on Mozambique LNG project
  • Gippsland-Basin-Vic-P47 Emperor Energy given drilling extension for Gippsland Basin permit

Norwood Resources

the Norwood resource

PESA members please use this group to help with “social license to operate” issues.

Topics

Golf WA
PESA - Petroleum Exploration Society of Australia

The Petroleum Exploration Society of Australia is a non-profit association of individuals involved in the exploration of oil and gas.

Stay in the loop

Subsribe to our newsletter and stay on the loop of what is happening in the petroleum industry and events near you

 

 

Contributors
Dale Granger
Editor

Connect with us

Logo-2CRev-66px-TM
Copyright © 2021 PESA - Petroleum Exploration Society of Australia. All Rights Reserved.
  • Advertise
  • Contact
  • Policies
  • Privacy
  • Terms & Conditions