Methanol is a clear liquid fluid that is odourless and biodegradable. It can be manufactured from a variety of feedstocks, including natural gas and coal. Most of the methanol produced in the world today uses natural gas as a feedstock, which is considered a cleaner alternative to methanol derived from coal.
Methanol is one of the building blocks of countless everyday consumer and industrial products such as paint, plastics, windshield-washer fluid, electronics, shoes and furniture. As methanol burns cleaner than most energy sources, its use in energy applications has grown significantly as a clean and cost-effective energy option.
Approximately 45 percent of the world’s methanol is used in a variety of energy applications such as fuels for vehicles and marine vessels and fuels for heating and cooking.
Growing Asian markets currently rely heavily on coal for methanol production. Prolonged economic growth, an increase in methanol-to-olefins demand, and focus on reducing coal use will drive the growth in China’s methanol consumption, significantly outpacing the region’s methanol supplies.
The methanol produced by Nauticol’s Grande Prairie operations will supply customers in North America and Asia, with the majority of our production shipped to China and Northeast Asia.
Our product will be transported by rail to locations within North America and to port facilities on the West Coast of British Columbia.
Global methanol demand is growing at a rate of 5 percent annually, driven by demand in Northeast Asia. Nauticol is well-positioned to supply methanol derived from less polluting natural gas to this growing market.