The Power of Agility
13
Strong demand growth outpaces capacity additions requiring operating
rates to increase; structural operating rate issues make this challenging
Structural operating rate issues impacting
over 50% of global capacity
Structural operating rates issues must be resolved for operating rates to meet growing demand
MMT
China-impacted by feedstock availability
and environmental restrictions
120
Iran - new plants have consistently run on an
intermittent basis due to technical issues and
natural gas constraints in the winter
100
Trinidad + Europe - impacted by feedstock
economics
80
60
10
40
Factors impacting operating rates
•
Feedstock availability and higher
energy prices
Technical issues
Geopolitical challenges
Environmental restrictions
20
0
Five-year demand growth:
~3% CAGR or +14 mmt
over next five years
Operating
Rate
74%
72%
70%
68%
66%
64%
62%
2016 2017
2018 2019
2020 2021 2022F 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F
Methanol Demand
Operating rate w/o hypothetical capacity
methanex
Source: IHS 2022 World Analysis, Fall 2021 Update. Operating rate excludes hypothetical capacity that I.H.S. builds into forecast to
balance the market.
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