The latest report titled “Methanol Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Methanol.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Methanol production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Methanol Production Process:
1. Methanol Production Cost From natural gas: This report presents the detailed production methodology and cost analysis of Methanol industrial production across Methanol manufacturing plants. In the first step, desulfurization of natural gas is carried out which generated syn gas. The syn gas is then compressed and methanol is produced from it.
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2. Methanol Production Cost From syn gas: This report provides the thorough economics of Methanol industrial production across Methanol manufacturing plants. The production of methanol from syn gas requires high pressure and temperature conditions. The product is obtained after phase separation and column distillation.
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3. Methanol Production Cost From Naphtha via partial oxidation: This report presents the extensive cost requirement of Methanol industrial production across Methanol manufacturing plants. The partial oxidation of naphtha produces syn gas which via subsequent processing gives methanol.
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Product Definition:
Methanol is also known as wood alcohol and has a CH3OH as its chemical formula with 32.04 g/mol as its molecular weight. The melting and boiling points of methanol are 64.7 °C and –97.6 °C, respectively which is lower as compared to other alcohols. It is the simplest alcohol and is naturally produced by the distillation of wood. In industries, it is made from a combination of carbon monoxide and hydrogen gas. In addition to this, it can also be produced by bacteria in anaerobic conditions and by phytoplankton. It is a colorless liquid that is completely miscible in water and gives a nonluminous flame on burning. It can be used as an antifreeze, fuel, and solvent in organic synthesis. It had high toxicity and can cause permanent blindness in humans.
Market Drivers:
Methanol is extensively used in a variety of industrial processes for the production of a number of chemicals. It is a popular solvent in laboratories and when converted into formaldehyde, it can be used in paints, plastics, and in the storage of specimens, etc. It is an environment-friendly solvent and thus is used in waste-water treatment plants where it converts nitrates to nitrogen via the denitrification process. Methanol can also act as an alternative eco-friendly fuel source as it has a high-octane count and low toxin emissions. It is mixed with gasoline to produce methyl tert-butyl ether which produces less amount of harmful toxins as compared to conventional fuel choices. It is also employed as an antifreeze to decrease the freezing point of water-based liquids.
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