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HOUSTON
Methanol key option for monetizing gas or coal; resulting in more U.S. projects and capacity tied to shale gas, as well as coal projects in China
According to a new IHS Chemical (NYSE: IHS) global market study, driven by Chinese demand growth, global methanol demand increased 23 percent during the two-year period of 2010 to 2012, and annual demand for the product is expected to increase by more than eight percent from 61 million metric tons MMT in 2012, to an unprecedented level of 137 MMT in 2022.
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