Capacity Additions Signal Structural Shift

Recent announcements that methanol producers will significantly increase capacity in North America is more than just a shift to take advantage of low feedstock prices, players say. If expansion plans are carried out, they will have knock-on effects that are likely to create structural changes in the global methanol market. “We will see a cascading redistribution of methanol supply and consumption, starting in North America,” says Dewey Johnson, senior director of chemical market research at IHS Chemical (Houston). “We see North America as very...

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