KANKYO ENERTEK GREEN FUELS
Kankyo Enertek Green Fuels Methanol Gasification Technology is unique in the market with enhanced product development through professional engineering skills.
Methanol is a clear liquid chemical that is water soluble and readily biodegradable. Methanol is most commonly produced on an industrial scale using natural gas as the principal feedstock. Methanol is used to produce other chemical derivatives, which in turn are used to produce thousands of products that touch our daily lives, such as building materials, foams, resins, plastics, paints, polyester and a variety of health and pharmaceutical products. Methanol also is a clean-burning, biodegradable fuel.
Increasingly, methanol’s environmental and economic advantages are making it an attractive alternative fuel for powering vehicles and ships, cooking food and heating homes.
Good mix for fuel
Methanol-gasoline blending represents an opportunity which can provide foreign exchange savings, reduce fuel cost, and create a cleaner fuel for our vehicles. Methanol, due to its clean burning qualities can help in reducing or eliminating emissions. Hence, the use of methanol is growing globally as a vehicle fuel and as a marine fuel.
The Future of Biomethanol
Renewable methanol is a second generation biofuel and is derived from renewable sources such as biomass, industrial waste, municipal waste and industrial CO2. It is used as a transportation fuel after blending it with other chemicals. As reported, the main reason for the rise in demand is the implementation of regulations, especially in Europe and North America, that over 10 percent of the transport fuel should come from renewable sources by the end of 2020. On the basis of primary sources, the global renewable methanol market can be segmented into biomass, industrial waste, municipal waste and others; and on the basis of end-use application into formaldehyde, MTBE (Methyl Tertiary Butyl Ether), gasoline, dimethyl ether, solvents and others.
The biomass primary source segment is expected to hold a significant share in the market and is estimated to register the compound annual growth rate (CAGR) of 7.0 percent in terms of value over the forecast period. The segment is expected to create an incremental opportunity of 53.7 million US-Dollar during 2016 to 2026, according to Future Market Insights. The MTBE end-use application segment is anticipated to register the CAGR of 8.1 percent in terms of value between 2016 and 2026. This segment is expected to gain traction over the forecast period due to an increasing demand for fuel blends from the automotive industry.
Increasingly, methanol is being employed around the globe in a number of innovative applications to meet our growing demand for energy. Methanol is a clean energy option that can be produced from natural gas, coal and a number of renewable resources including biomass, landfill gas and power plant or industrial emissions.
The methanol industry spans the entire globe, with production in Asia, North and South America, Europe, Africa and the Middle East. Worldwide, over 90 methanol plants have a combined production capacity of about 110 million metric tons (almost 36.6 billion gallons or 138 billion liters). According to IHS, global methanol demand reached 75 million metric tons in 2015 (24 billion gallons/91 billion liters), driven in large part emerging energy applications for methanol which now account for 40% of methanol consumption. Each day, nearly 200,000 tons of methanol is used as a chemical feedstock or as a transportation fuel (67 million gallons/254 million liters). That’s enough methanol every day to fill nearly 7,500 tanker trucks stretching end-to-end for 63 miles or 100 kilometers. But the methanol industry is not just those companies large and small throughout the globe that produce methanol every day from a wide array of feedstocks – including natural gas, coal, biomass, waste and even waste CO2 – the industry is also made up of thousands of distributors, technology innovators, downstream manufacturers and service providers. The global methanol industry generates $55 billion in economic activity each year, while creating over 90,000 jobs around the world.
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