Recently Nouryon And Gasunie Have Signed An Agreement For Renewable Methanol Market


Growing demand for renewable methanol as a motor fuel from the transportation industry coupled with the rising environmental concerns owing to global warming and changing weather conditions is driving the growth of the renewable methanol market. Increasing depletion of natural resources due to high dependency on fossil fuels and fluctuating prices of natural gas is again contributing to the growth of the renewable methanol market. Increasing demand from the automotive industry as a superior liquid motor fuel will provide bright opportunities in the near future. According to the Coherent Market Insights analysis, the total number of passenger transport in Europe is expected to increase by over 35% by 2050 as compared to the current level. Moreover, increasing adoption of an electric vehicle as it is powered by fuels and renewable methanol is further expected to foster the growth of the market.

  1. In June 2019, Eni and Synhelion, a spin-off of Zurich Polytechnic University (ETHZ), announce the development of new technology for the production of methanol from carbon dioxide (CO2), water, and methane

  2. In November 2018, BASF announced that it has started the production of methanol-based on renewable raw materials according to the biomass balance approach

  3. In February 2019, Nouryon (formerly AkzoNobel Specialty Chemicals) and Gasunie have signed an agreement to supply green hydrogen to BioMCN for the production of renewable methanol from CO2.

North America is expected to lead the global renewable methanol market in the near future owing to the growing focus of key players to develop renewable methanal. Enerkem, Canada, produces bio-methanol from the municipal solid waste feedstock. At the beginning of 2018, Enerkem and other partners in the consortium (Air Liquide, AkzoNobel Specialty Chemicals, and the Port of Rotterdam) signed a project development agreement covering initial investment in an advanced waste-to-chemistry facility in Rotterdam. The facility will convert up to 360 000 tons of non-recyclable waste into 220 000 tons of green methanol.

The key ingredient in any methanol distillation process is ethanoic acid. In its purest form, it is generally odorless and colorless. Renewable methanol is widely used as an electrolysis fuel, which means it is combusted directly using heat energy. In fact, there are a number of technologies currently being used as alternatives to converting fossil fuel into a source of renewable methanol. Methanol, which is a compound of ethanoic acid with a carbon base is obtained by running the mixture under a lot of heat. The end product is a highly flammable liquid, which releases toxic vapors when it is burning. Methanol is widely used as a fuel additive as it burns cleaner than gasoline, diesel, or methiopuramic acid.

Comments

Post a Comment

Popular posts from this blog

U.S. Meibomian Gland Dysfunction Market is growing rapidly with ThermaMEDx introducing a self-healing, disposable, pre-moistened, sterile cleaning eye-pad for use in treating the symptoms of dry eyes and meibomian gland dysfunction

Image
Dysfunction of any of these three glands can result in Meibomian gland dysfunction. A primary cause for this condition is not really the disease itself but rather the abnormal overproduction of sebum (the secreted liquid of glands). This is normally controlled by the hypothalamus-pituitary gland system which inhibits the secretion of oil. Rapidly increases the prevalence of meibomian gland dysfunction remains one of the critical factors aiding the development of the market. In fact, as per the Fellow of American College of Surgeons, meibomian gland disease, is one of the most common causes of dry eyes and around 50-70% of the elderly population has some degree of dry eye. Besides, as per the American Optometric Association’s study in 2017, over 16 million people in the U.S. were suffering from dry eye disease. Such factors can indeed stimulate growth of the U.S. meibomian gland dysfunction market. When it comes to the drug type, Cyclosporine segment seems to be exhibiting positive trac...
Read more

Boston Sci Launched A New Device For Erectile Dysfunction Devices Market

Image
  North America is expected to hold the major share in the global erectile dysfunction devices market and this is attributed to the continuous innovation in the device by key players in the region. For instance, in July 2019, Boston Scientific announced the launch of the Tactra penile implant, which is a durable implant with a natural feel for treating ED. Also, in August 2019, Ohio, U.S.-based Integrated Medical announced that they are offering a state-of-the-art Extra Corporeal Shock Wave Therapy (ESWT) for treating ED. The therapy will utilize power generated through acoustic sound waves and radial shockwaves to stimulate neovascularization The growing prevalence of cardiovascular or diabetes disease among men undergoing such treatment are at higher risk of developing erectile dysfunction. This is driving the growth of the  erectile dysfunction devices market . Vacuum pumps, also known as Vacuum Erection devices (VED) are gaining huge demand around the globe. According to t...
Read more

Bakeable Trays Market Estimated To Develop At Cagr at 4.8% During Estimate Duration 2019-2027

Image
The expansion of direct bundle to-broiler pastry shop items have pushed the market for bakeable trays. While these items have been around for some time, the rise of new sorts of bakeable trays features the market's development as of late. Contrasted with the conventional preparing trays which are comprised of metal, the bakeable trays are produced using a ridged paper card board that is both warmth safe and water confirmation. Such trays are made to withstand temperatures up to 220°C. These bakeable or ovenable trays are offered in various sizes and shapes. Bakeable trays can even be tweaked for various end use applications. One of the differentiating highlights of bakeable trays is that they are made of bio-degradable substance and are recyclable. These are likewise endorsed by different food organizations for direct food contact making it more secure to buyer straightforwardly from them. The worldwide  bakeable trays market  is required to arrive at US$ 1,943.8 million by 20...
Read more