Tag: Methanol
US news brief July 12: In disaster’s wake, BP doubles down on deepwater despite surging shale
Also in this brief: US ethanol production continues to grow, Global rig counts all up in June says Baker Hughes BP’s offshore Gulf Coast development Mad Dog phase two will be profitable even at $40/b oil Seven years after the disastrous Deepwater Horizon explosion and oil spill in the Gulf of Mexico, BP is spending billions every […]
Methanol production starts up at Clear Lake, Texas plant – Celanese
Celanese to complete methanol unit in 19 months, fully operational in 21 months; capital cost of less than $700 per ton Celanese Corporation, a global technology and specialty materials company, announced it has completed construction of its Clear Lake, Texas methanol unit and is now operating at full rates. This methanol unit is a joint venture […]
Natural gas: New industrial projects driving demand even higher
Large Gulf Coast methanol and fertilizer plants will be big consumers of natural gas Industrial natural gas consumption has grown steadily since 2009, reversing a decade-old decline, as relatively low prices supported using natural gas as a feedstock for the production of bulk chemicals. Industrial facilities, including methanol plants and ammonia- or urea-based fertilizer plants, consumed […]
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