my country’s methanol manufacturing process is gradually maturing and output continues to grow

Methanol, also known as hydroxymethane, appears as a colorless, slightly mellow-smelling volatile liquid at room temperature and pressure. Methanol is soluble in water and gasoline and is flammable and toxic. Its vapor and air can form explosive mixtures and is a hazardous chemical. Methanol is widely used in the production of methanol to olefins, dimethyl ether, methanol protein, methylamine, dimethyl sulfate, methanol fuel, formaldehyde, acetic acid, methyl formate, ethylene glycol, cleaning and degreasing agents, growth Accelerators, analytical reagents, etc. In addition, methanol can also be used directly as automobile fuel.

From the perspective of market segments, methanol-to-olefins has become the largest market segment for methanol, with a market share of 49.5%; followed by methanol fuel, with a market share of 16.3%; and formaldehyde ranking third, with a market share of 16.3%. The ratio is 6.8%.

In recent years, my country’s methanol manufacturing technology has gradually matured, and can be roughly divided into coal-to-methanol, natural gas-to-methanol, coke-oven gas-to-methanol, etc. In foreign countries, natural gas is often used as raw material to prepare methanol. This production method has the advantages of pollution-free and low cost. Domestic methanol manufacturing technology is mainly coal-based methanol, using coal as the main raw material. In addition, some companies also use coke oven gas as raw material to prepare methanol. At this stage, coal-to-methanol accounts for the largest share of my country’s overall methanol manufacturing market, reaching 80.2%; followed by coke oven gas-to-methanol, with a market share of 10.3%; and natural gas-to-methanol ranking third, with a market share of 10.3%. 8.5%.

According to the “China Methanol Industry Market Supply and Demand Status and Development Trend Forecast Report 2023-2027” released by the Industrial Research Center, in recent years In 2008, my country’s economic level gradually improved, and electronic and electrical appliances, chemicals, automobiles and other fields developed rapidly. According to data released by the China Association of Automobile Manufacturers, in 2022, my country’s automobile production and sales will complete 27.021 million units and 26.864 million units respectively, a year-on-year increase of 3.4% and 2.1%. As my country’s automobile production and sales continue to grow, the market demand for methanol, as one of the alternatives to traditional fuels, is gradually growing. In addition, methanol, as an important intermediate product, has gradually expanded its application fields and steadily increased market demand. Against this background, my country’s methanol production has gradually increased. According to data released by the China Nitrogen Fertilizer Industry Association, my country’s methanol production will be 80.225 million tons in 2022, a year-on-year increase of 3.3%.

Industry analysts said that there are many companies in my country’s methanol market, but most of them are small and have not yet emerged as influential. of enterprises. The major methanol companies in my country include Yuanxing Energy, Huayi Group, Yankuang Energy, China Coal Energy, Green Innovation Energy, ENN, Lutianhua, Zhongrun Environmental Energy, Rongsheng Petrochemical, and Zhongke Jiahong , Jinniu Chemical, etc. As my country’s methanol market continues to develop, industry production capacity is gradually integrated, backward production capacity is gradually eliminated by the market, and its market concentration is expected to gradually increase.