According to reports, due to planned and unplanned downtime overhauls of a large number of devices in recent months, the global methanol market has been strained. In the coming weeks, some installations will enter the maintenance period, and the shortage of methanol supply will continue.
In Europe, the Norwegian national oil company's 900,000-ton/year methanol plant in Tjelbergodden was suspended from May 26. It was scheduled to resume work on June 30 and was finally postponed until the end of July. The Sabic company in Saudi Arabia in the Middle East is located in the Ar Razi 1 600,000-ton/year facility. It stopped work on June 11 and did not resume construction until mid-July; in addition, the company’s 800,000 tons/year installation in the same place is also 6 The work was suspended on the 11th and resumed on June 28. Saudi Arabia International Methanol Co., Ltd. is located in Jubail’s 1 million-ton/year methanol plant and has been shut down for production for 10 to 14 days since August 17. Iran’s state-owned petrochemical company began a shutdown of 12 days on July 4 at the 1 million-ton/year plant at Bandar Imam Khomeini. In addition, the company also inspected the shutdown of the 1.7 million tons/year methanol plant in Zagros for 10 days in early July.
In the Caribbean and Latin America, the supply of methanol continues to be tight, as the shortage of natural gas leads to a reduction of production of Methanex's 3.8 million-ton/year methanol plant in Chile. Methanol Trinidad Holdings Ltd. plans to stop the 48 kt/y methanol plant in Point Lisas for 20 days in the last week of August for maintenance.
In Asia, Malaysia’s National Petroleum Corporation repaired a 600,000-ton/year methanol plant on August 14 for 20-22 days; Indonesia’s Medco will also have a 350,000-tonne/year methanol plant due to limited natural gas supply. Reduce production by about 30%. In Russia, Metafrax will shut down its 1 million-ton/year plant in Gubakha for 30 days in September.
In Europe, the Norwegian national oil company's 900,000-ton/year methanol plant in Tjelbergodden was suspended from May 26. It was scheduled to resume work on June 30 and was finally postponed until the end of July. The Sabic company in Saudi Arabia in the Middle East is located in the Ar Razi 1 600,000-ton/year facility. It stopped work on June 11 and did not resume construction until mid-July; in addition, the company’s 800,000 tons/year installation in the same place is also 6 The work was suspended on the 11th and resumed on June 28. Saudi Arabia International Methanol Co., Ltd. is located in Jubail’s 1 million-ton/year methanol plant and has been shut down for production for 10 to 14 days since August 17. Iran’s state-owned petrochemical company began a shutdown of 12 days on July 4 at the 1 million-ton/year plant at Bandar Imam Khomeini. In addition, the company also inspected the shutdown of the 1.7 million tons/year methanol plant in Zagros for 10 days in early July.
In the Caribbean and Latin America, the supply of methanol continues to be tight, as the shortage of natural gas leads to a reduction of production of Methanex's 3.8 million-ton/year methanol plant in Chile. Methanol Trinidad Holdings Ltd. plans to stop the 48 kt/y methanol plant in Point Lisas for 20 days in the last week of August for maintenance.
In Asia, Malaysia’s National Petroleum Corporation repaired a 600,000-ton/year methanol plant on August 14 for 20-22 days; Indonesia’s Medco will also have a 350,000-tonne/year methanol plant due to limited natural gas supply. Reduce production by about 30%. In Russia, Metafrax will shut down its 1 million-ton/year plant in Gubakha for 30 days in September.
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