

Methanol
Overview
The global methanol industry has suffered in recent years. First COVID-19, then the Russia-Ukraine conflict, followed by global inflation, stagnation and downward revised GDP forecasts. It is hoped 2022/2023 will be the performance valley for the sector, looking toward an improved—but still slowed—outlook. The huge China methanol appetite has slowed. The MTO sector sees minimal growth ahead. The rest of the world will have to generate increased demand, but with much of this sector tied to GDP performance, the outlook here too is reserved. New capacity continues to define the landscape, with several new units expected in the coming months.
Pricing is spiking in Q4’23 due to a myriad of methanol production outages around the world. Production will return and prices weaken some. However, the outlook is for the olefins and olefin derivative sectors to finally end their respective down cycles. Olefin/derivative prices are expected to improve, driving higher MTO methanol affordability values. The rest of the methanol industry is expected to follow China’s MTO methanol price strength.
Argus’ experts will help you determine what trends to track and how to stay competitive in today’s ever-changing global markets.
Latest methanol news
Italy's Agroenergy plans 'zero-emission' biorefinery
Italy's Agroenergy plans 'zero-emission' biorefinery
London, 10 July (Argus) — Nine organisations including Italian Agrolio-Agroenergy biogas plant and research institutions have partnered to design a fully integrated "zero- emission" biorefinery using olive mill waste as feedstock. Agrolio-Agroenergy, also known as BTS biogas, operates and builds biogas and biomethane plants primarily in Italy, but also in France, the UK, Belgium and the US. The biorefining innovation project plans to create a biorefinery capable of producing "zero-emission" bioproducts including bioplastics, bioenergy, biofertilisers, and biopesticides, according to the firm's press release. It remains unclear where the new biorefinery site will be located and what its capacities will be. Agrolio has yet to reply to a request for comments. The EU is the largest producer of olive oil and the process currently generates large volumes of waste. The improper disposal of olive mill waste can lead to soil degradation and water pollution. The biorefinery will use green chemistry and microbial processes instead of conventional methods to convert the olive mill feedstock into useable bioproducts. The project will run for four years and is receiving €4mn ($4.68mn) in funding from Horizon Europe, the EU's funding programme for research. By Tim van Gardingen Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Europe ELV directive may not be ambitious enough: EuRIC
Europe ELV directive may not be ambitious enough: EuRIC
London, 9 July (Argus) — European circular automotive ambitions are at risk before they have started, according to European recycling industries association EuRIC. Following the European Parliament's vote on the end of life vehicles (ELV) directive yesterday , EuRIC warned that low recycled content targets, loopholes and legal uncertainties risk holding back the investments and market confidence needed to scale Europe's circular ELV economy in practice. The parliament's committees agreed on a reduced recycled content target for plastics to 20pc, with only 10pc post-consumer, and a closed-loop target to 15pc, within six years of the rules' entry into force. The recycled content target is increased to 25pc within 10 years of entry into force, but half of the target can be met with pre-consumer waste. EuRIC said the vote on ELV regulation is a welcome step for the industry but feels the targets fall short of the potential for the market, ignoring the European Commission's Joint Research Centre (JRC) evidence that higher post-consumer recycled content targets are feasible and realistic. Unclear review clauses add further risk for recyclers already facing a 30pc recycling obligation without guaranteed markets according to the association. With the European recycling industry under pressure, EuRIC also highlighted the lack of a mirror clause for imports under fair conditions further threatens European recyclers. The association urged co-legislators to strengthen targets and close loopholes in the next steps of negotiations. By Chloe Kinner Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
EU opens chemical recycling mass balance consultation
EU opens chemical recycling mass balance consultation
London, 8 July (Argus) — The European Commission has opened a public consultation on chemical recycling, specifically related to a proposed update to the implementing decision for the Single-Use Plastics Directive (SUPD). The draft update includes rules for mass-balance accounting of chemically-recycled content towards the SUPD's recycled content targets, and would allow recyclates produced from non-EU post-consumer waste to count towards EU targets. The commission is seeking feedback on a proposed fuel use-excluded approach to mass balance accounting. In this, the amount of circular feedstock eligible to be assigned as recycled content to polymers would be calculated by taking the amount fed into a steam cracker and assigning it to one of four output groups — non-fuels, fuels, losses and dual-use outputs — based on the proportion of each that the cracker produces. Cracker operators could then allocate an amount of recycled content — sometimes termed by market participants as recycled credits — to their products, equal to the amount of eligible feedstock assigned to the non-fuels output group, or to any dual-use outputs that can be provably shown to be retained in the chemical/polymer chain rather than entering the fuels chain. The draft document also lays out rules for allocating recycled content to cracker feedstock where mass balance accounting is required before the steam cracker stage of the polymer production process, which Argus understands to be a reference to refining or pre-treatment of pyrolysis oil. This would be based on the amount of recycled feedstock input into the refining or pre-treatment plant that evaporates below the maximum feedstock boiling point the intended steam cracker customer can accept, as a ratio to the total amount of material input into the former plant. The same ratio of recycled content could then be applied to materials supplied to the steam cracker customer. Basing allocation of recycled content on input before the steam cracker stage, rather than output, would appear to open the door to processing of pyrolysis oil in refineries that produce mainly fuels, without a large proportion of credits being lost to the fuels pool under fuel use-exempt rules. Argus is seeking clarification on this. In addition to the mass balance rules, the draft extends the definition of post-consumer plastic waste to include that produced from products placed on the market outside the EU. This would align the definition with that used in the recently-adopted Packaging and Packaging Waste Regulation, and mean recyclates based on non-EU waste could count towards the 25pc recycled content for polyethylene terephthalate (PET) beverage bottles contained in the SUPD. The consultation will run until 19 August. By Will Collins Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
PVC producer Vynova to close Beek site
PVC producer Vynova to close Beek site
London, 8 July (Argus) — European chlor-vinyls producer Vynova said it intends to close its 225,000 t/yr PVC producing site in Beek, the Netherlands, by November 2025. The company said pressures on the site included "global overcapacity, persistently weak demand and increased competition from regions with lower production costs and less stringent regulations". Vynova said it did not expect these conditions to improve in the short term. The company also operates a 275,000 t/yr capacity PVC producing site in Mazingarbe, France, and a 340,000 t/yr site in Wilhelmshaven, Germany. Two PVC producing sites in Europe have already closed this year — a 135,000 t/yr capacity plant in Spolana, Czech Republic, and a smaller site operated by Fortischem in Slovakia. By George Barsted Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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