PUBLISHER: GlobalData | PRODUCT CODE: 1305958
PUBLISHER: GlobalData | PRODUCT CODE: 1305958
Global Methanol capacity is poised to see considerable growth over the next five years, potentially increasing from 171.84 mtpa in 2022 to 309.15 mtpa in 2030, registering total growth of 79.9%.
Around 123 planned and announced Methanol projects are expected to come online, predominantly in Former Soviet Union, followed by Middle East over the upcoming years. Among countries, Russia is expected to lead Methanol capacity additions by 2027, followed by Iran and China. Sherwood Energy Ltd, The National Petrochemical Co and Gazprom are the top three companies by planned and announced capacity additions globally over the upcoming years.