Methanex expects increasing methanol demand will fuel growth

05/5/2013 | Bloomberg

Analysts have high expectations for Methanex as methanol sees wider use in fuel blends and other consumer materials. Methanex expects methanol demand to increase at a "robust" annual compounded rate of 7.6% through 2016, or "4 million tons a year of new demand for methanol," said CEO John Floren, adding that "energy applications are really what's driving the industry and our goal to add 3 million tons of production capacity."

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