The Power of Agility - Methanex Capacity and Financials
Limited new industry capacity additions after 2022
Estimated committed industry capacity additions 2021-2025
Size
New capacity additions
Country Plant
Expected start-up timing
(M tonnes)
US
Koch
1.7
2021
New capacity additions are expected in the near-term with
limited new project commitments beyond 2022
Iran
Sabalan
1.7
Industry operating rates
US
Various
0.8
2021/2022
Geismar 2 debottleneck ('21)
US Methanol (late '21)
Others
Recent industry operating rates have been challenged due to:
Russia
Shchekinoazot
0.5
2022
-
Iran-new plants have run on an intermittent basis due to
technical issues and natural gas constraints
Includes backward integration of
Trinidad impacted by natural gas challenges
two MTO plants (2021) and stand-
China
Various
5.5
Venezuela - impacted by lack of investment under US sanctions
China feedstock availability and environmental restrictions
alone capacity additions primarily
in 2021/2022
US
Geismar 3
1.8
End of 2023/early 2024
Expect industry operating rates to continue to be challenged
due to:
17
12
Feedstock availability and higher energy prices
Technical issues
Geopolitical challenges
Environmental restrictions (e.g., China)
Source: IHS Chemical Supply & Demand Fall 2021 Update
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