Methanol - A Wood Alcohol and its Growing Industry
Though methanol is a colorless, volatile, flammable, and poisonous liquefy chemical, visible in polar liquid form at room temperature, which is further obtained from destructive distillation of wood, it is highly beneficial for many purposes such as fuel, solvent, and antifreeze, and even used to produce the biodiesel through the process of transesterification reaction. It is widely famous among industrial purposes as due to its toxic properties, methanol is often used as a denaturant additive for Methanol manufacturing. Besides being a byproduct of destructive distillation of wood, it is even obtained from natural means, to cite an example, natural gas, Indian high ash coal, bio-mass, MSW, standard and flared gases.
Related Project: - Methanol From Coal
India is successful in extracting the methanol from the Indian coal and other feedstock with the implementation of the right technology. As per NIIR Project Consultancy Services (NPCs), there is an intense approach of the population coming towards the acceptance of methanol-based products, and thus giving a good opportunity to the methanol industry to have a shiny future in the coming days, for instance, the use of methanol and DME as a fuel has increased significantly in past few years with an array of hope to the industry of Methanol.
Production and Growth of Methanol, Worldwide
- The capacity of methanol in the world is 120 MT which is further expected to become 200 MT by the end of 2025. In addition to this, it is observed that the demand for methanol is growing at 6 to 8 percentage annually, the world over.
- In the current scenario, China holds 9 percent of transport fuel produced from methanol, and have converted many vehicles to run on methanol. Furthermore, China solely produces the methanol with the percentage of around 65 which runs through coal, as discovered by India.
- While other countries such as Israel, Italy have used a blend of 15 percent of methanol, Australia has adopted the blend of 56 percent almost.
- With the Marine sector taken into consideration, the usage of methanol as 100 percent in this sector, all around the world with Sweden as the main player of its usage especially on a ship with more than 1500 people, the use of methanol becomes highly important.
- When many other countries are using methanol as a traveler fuel, African and Caribbean countries are even using this chemical as a cooking fuel, and many countries, with a keen observation of its benefits, have interchanged the usage of other fuels such as diesel with methanol.
In India
India in terms of using and benefiting itself from the business of methanol is far more beyond any other country. It has sky rocketed the consumption of methanol as compared to the production and import sector of methanol. India market is not new to the methanol industry and even this chemical is a major trading tool of India, with loads of investment opportunities. There was a growth seen of around 6.4 percent from 2011 to 2017, in the past. It is further forecasted to see a considerable growth of 6.9 percent in the field of methanol, annually, by the end of 2022. With an increasing production value, there will be raise in its import during the period. A few major Indian players in the methanol industry are Ahmadabad manufacturing and Calico Prtg, Co. Ltd. Assam Petrochemical Ltd. Assurgent Pharma Pvt. Ltd. Deepak Fertilizers and Petrochemicals Corp. Ltd. INA India Ltd., etc.
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Conclusion
For major and crucial information, please reach out to us for a detailed report of setting a dream for the methanol industry, we, NPCs. provide all the essential information, consultancy, major and minor help from initiating to setting up and fulfilling the requirements for the same.
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