Topic: Price of Methanol
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Flag comment for removal katmullins about 1 year ago
The price of methanol has hit $2.50 a gallon (see Methenex PDF in the resource area). I am curious about the current and future effects of this price jump on the biodiesel industry, and what caused the increase. Ideas anyone?
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Hey, all:
Methanol is a petroleum product, and so follows the global price of crude, just like the price of gasoline at the pump. It is all connected, so there should be no illusions that using Carbon for transportation and energy offers a free lunch. The one bright spot is that suppliers offer steep discounts to buyers of larger volumes of methanol. This however means that small users, e.g., those independents doing waste vegetable oil bioDiesel, pay much higher prices, since one typically only needs a much smaller volume of methanol. The alternative chemical to methanol in bioDiesel is ethanol, which is made from grain, but demand for that has gone up due to the total agrofuels increase. On a related note, food prices in the USA have inflated more in the last year than anytime since the 1960s. David Messages done with sustainable energy, with Wind and Sun! |
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