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Procurement Resource Assesses The Production Cost Of Methyl Alcohol In Its New Report |

Procurement Resource

iCrowdNewswire   Nov 26, 2020  9:00 AM ET

The new report by Procurement Resource, a global procurement research and consulting firm, looks in-depth into the costs involved in the production of methyl alcohol. The comprehensive report analyses the production cost of the material, covering the raw material costs and co-product credit, equipment costs, land and site costs, labour wages, maintenance costs, financing charges, and the depreciation costs. The extensive study describes the step wise consumption of material and utilities along with a detailed process flow diagram. The report also assesses the latest developments within the methyl alcohol industry that might influence the costs of production, looking into the capacity expansions, plant turnarounds, and mergers, acquisitions, and investments.

Download a free sample of the production cost of methyl alcohol from synthesis gas syngas and many more@

Methyl alcohol is a colourless liquid, which boils at 64.96°C. It is a light, volatile, flammable liquid with a strong odour similar to that of drinking alcohol. Methyl alcohol is used in solvents, deicers, and in the manufacturing of plastics, polyesters, and other chemicals. It is also a precursor to other commodity chemicals, for example, formaldehydeacetic acidmethyl tert-butyl ether, as well as a host of various specialised chemicals.

The Asian buyers were well supplied by methyl alcohol throughout the second quarter of 2020. However, China faced an oversupply. Some players saw a falling demand due to the restrictions imposed amidst the coronavirus pandemic. The European supply grew over the second quarter due to weakened downstream demand caused due to the COVID-19 pandemic induced lockdown. The downstream demand was further slashed, and consumer confidence was degraded. But there were signs of demand recovery in June 2020, especially in the formaldehyde, acetic acid, and furniture sectors, aiding the growth of the methyl alcohol industry. In the United States of America, the market was largely unchanged until later in the Q2, with some domestic production issues clearing up. The domestic product availability was limited, but oversupply was one of the main concerns. These factors are expected to influence the production cost of methyl alcohol.

Read the full production cost analysis report of methyl alcohol

The production cost report by Procurement Resource assesses the production of methyl alcohol from synthesis gasfrom naphtha via partial oxidation, and from natural gas. In the process of the production of methyl alcohol from synthesis gas, carbon monoxide and hydrogen, contained in a synthesis gas, reacts over a catalyst to produce methyl alcohol as the final product. The catalyst is mostly a mixture of copper and zinc oxides supported on alumina.

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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertake extensive research to provide our customers with the latest and up-to-date market reports, cost-models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele. We work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. We also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with the updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate, so that they can form strategies which ensure their optimum growth.

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