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Monday, September 26, 2022
Russian methanol industry shutting down
"Suspension of trade with customers in Europe and a drop in domestic
demand are forcing
producers to dramatically reduce output and sell their produce to China at a knockdown price.....Methanol, the simplest alcohol, can be obtained from natural gas and has a variety of industrial uses. It's a chemical building block for plastics, paints and building materials and also widely used in the car industry and as a fuel....Methanol producers want to avoid closing plants completely as restarting them would be costly, however, some factories have already been partially shuttered." RT
producers to dramatically reduce output and sell their produce to China at a knockdown price.....Methanol, the simplest alcohol, can be obtained from natural gas and has a variety of industrial uses. It's a chemical building block for plastics, paints and building materials and also widely used in the car industry and as a fuel....Methanol producers want to avoid closing plants completely as restarting them would be costly, however, some factories have already been partially shuttered." RT
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