Overview
The global methanol industry has suffered in recent years. First COVID-19, then the Russia-Ukraine conflict, followed by global inflation, stagnation and downward revised GDP forecasts. It is hoped 2022/2023 will be the performance valley for the sector, looking toward an improved—but still slowed—outlook. The huge China methanol appetite has slowed. The MTO sector sees minimal growth ahead. The rest of the world will have to generate increased demand, but with much of this sector tied to GDP performance, the outlook here too is reserved. New capacity continues to define the landscape, with several new units expected in the coming months.
Pricing is spiking in Q4’23 due to a myriad of methanol production outages around the world. Production will return and prices weaken some. However, the outlook is for the olefins and olefin derivative sectors to finally end their respective down cycles. Olefin/derivative prices are expected to improve, driving higher MTO methanol affordability values. The rest of the methanol industry is expected to follow China’s MTO methanol price strength.
Argus’ experts will help you determine what trends to track and how to stay competitive in today’s ever-changing global markets.
Latest methanol news
Malaysia to raise biodiesel blend target to 15pc
Malaysia to raise biodiesel blend target to 15pc
Singapore, 17 April (Argus) — Malaysia will raise its biodiesel-fossil diesel blending target up to 15pc (B15) from the current B10, the country's economic affairs minister Akmal Nasir said this week. The country will first start with a B12 blend, which will use existing blending infrastructure without requiring additional investments, Nasir said. Malaysia's biodiesel production capacity for 2025 stands at 2.36mn t, while actual production for the year was less than half at 975,200t, he said. No timeline was laid out for a move towards the higher B15 blending target. The higher B12 blend ratio should start next month, a biodiesel producer said, adding that they were awaiting further details from blenders. Another already received a request to deliver higher volumes of biodiesel. Nasir visited PS Pipeline — a joint venture between Petronas Dagangan Berhad and Shell Malaysia Trading — at the Klang Valley Distribution Terminal earlier this week to ascertain the infrastructure's capability to store and distribute biodiesel blends. The government will also hold meetings with the oil industry technical committee to ensure implementation runs smoothly, Nasir said. Malaysia previously highlighted plans to upgrade depots in phases to supply biodiesel blends up to B20-30, under the 13th Malaysia plan released in July 2025, along with preparations for a B30 mandate for the commercial and public transport sectors. The Malaysian Biodiesel Association earlier this month urged the government to speed up rolling out higher biodiesel blends to strengthen energy security, in light of supply disruptions and price volatility for conventional fuels due to the ongoing war in the Middle East. By Malcolm Goh Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US PVC sales rise to record in March: ACC
US PVC sales rise to record in March: ACC
Houston, 15 April (Argus) — US polyvinyl chloride (PVC) sales volumes climbed to an all-time high in March as surging export demand following the outbreak of war in the Middle East outweighed lower domestic demand. US PVC sales rose to 1.53bn lbs in March, up by 1.1pc from March 2025 and up by 17pc from February this year, according to American Chemistry Council (ACC) data compiled by Vault Consulting. This was the highest monthly sales volumes in ACC data stretching back to early 2013. US producers exported 553.93mn lbs of PVC in March, up by 7.3pc from a year earlier and up by 20pc from February. Global demand has surged after producers in Asia experienced war-related supply chain disruptions that also pushed US PVC export prices to three-year highs. Domestic PVC sales volumes fell by 3.2pc from March last year to 971.9mn lbs. US PVC producers ran plants at 81.4pc of capacity in March, up from 76.8 in March 2025 but down from 87.8pc in February, with ACC production estimates for March falling by 1.3pc year-over-year to 1.31bn lbs. Utilization has been on average higher this year after Westlake closed its 450,000 metric tonnes (t)/yr (992mn lbs) PVC plant in Aberdeen, Mississippi, at the end of 2025. Shintech's 1.44mn t/yr (3.17bn lbs/yr) Freeport, Texas, plant and Formosa's 653,000 t/yr (1.43bn lbs/yr) Baton Rouge, Louisiana plant were both undergoing turnarounds in March. Other scheduled plant turnarounds in March were delayed after the start of the war. By Gordon Pollock Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
LyondellBasell sustainable polymer sales rise in 2025
LyondellBasell sustainable polymer sales rise in 2025
London, 15 April (Argus) — Chemicals producer LyondellBasell produced and marketed roughly 206,000t of recycled and renewable-based polymers in 2025, slightly higher than the 203,000t the company reported for 2024 . The company aims to produce and market 800,000 t/yr of recycled and renewable-based polymers by 2030. This target was revised down in February 2026 from a previous goal of 2mn t/yr. Part of the progress towards the target will come from the start-up of its first MoReTec pyrolysis plant in Wesseling, Germany, which will have a capacity of 50,000 t/yr, the firm said. LyondellBasell also expects regulatory frameworks, increased consumer focus and voluntary commitments from brands to support stronger demand. But it said that "greater clarity on how chemically recycled content can be attributed to products, including the use of mass-balance accounting, is an important next step for EU policymakers to strengthen certainty and drive investment in chemical recycling". Chief executive Peter Vanacker said that "durable demand signals and willingness to adopt circular and lower-carbon materials are needed to justify large-scale infrastructure and technology deployment across the value chain". In December 2025 , LyondellBasell said it had paused plans to build a plastic recycling hub in Knapsack, Germany, "due to the broader economic environment". It also deferred a final investment decision on a second MoReTec pyrolysis plant in Houston, Texas, until market conditions improve. The company said in its latest report that the deferral reflected "capital discipline, and the expected pace of demand growth". "This provides us more time to engage with regulators, customers and brand owners in North America," it said. LyondellBasell highlighted stronger demand for circular plastics from the automotive sector. "Most of our automotive customers have introduced circular solutions, actively staying ahead of upcoming end-of-life vehicle mandates," said Torkel Rhenman, executive vice-president of the company's Advanced Polymer Solutions segment. Sales of mechanically recycled polymers marketed under the Circulen Recover brand to the automotive industry tripled in 2025 compared with 2024, Rhenman said. By George Barsted and Will Collins Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
WM opens Indianapolis recycling facility
WM opens Indianapolis recycling facility
Houston, 15 April (Argus) — US company Waste Management (WM) opened its fourth new recycling facility this year with the startup this month of a $60mn materials recovery facility (MRF) in Indianapolis, adding upstream sorting capacity as US recycled plastics demand remains uneven. The Indianapolis facility can process up to 200,000 metric tonnes (t)/yr of recyclables and forms part of WM's plan to invest more than $1.4bn between 2022 and 2026 to expand and modernize recycling infrastructure across North America. The opening of the Indianapolis site follows facility openings earlier this year in Orange, California; in Pembroke Pines, Florida, and in Ontario, Canada, according to the Houston-based company. The Indianapolis site uses optical sorting technology for plastics and fiber, upgraded glass recovery systems, and fire-detection equipment, according to the company. As an MRF, the Indianapolis site expands upstream sorting capacity rather than producing recycled resin. The facility is designed to sort and bale recyclable materials for downstream recycling markets, with any increase in recycled resin supply dependent on reclaimer run rates rather than sorting capacity alone. WM has not disclosed specific bale grades that will be produced at the site. The expansion comes as recycled plastics pricing has been driven largely by cost pressure rather than demand growth, with higher freight and operating costs supporting bale prices while downstream buying remains cautious, market participants said. Several sources cautioned that while improved sorting and bale quality are supportive for the system, additional MRF capacity alone does not resolve downstream challenges such as weak end-market demand, margin pressure, and limited incentives for reclaimers to increase run rates. Infrastructure investments of this scale are more likely to benefit vertically integrated or contracted supply chains, while independent reclaimers may remain constrained by margin pressure and uneven demand, market participants said. The facility is intended to strengthen recycling infrastructure and supply chain resilience in Indiana, WM said. In 2024, the Indiana Department of Environmental Management awarded Waste Management of Indiana a $500,000 grant toward glass recycling equipment, which is expected to recover and divert about 23,400 t/yr of glass. The opening of the Indianapolis facility was welcomed by manufacturing groups in the state. "The opening of the WM Indianapolis Recycling Facility is a significant milestone for Indiana's manufacturing ecosystem," said Andrew Berger, president and chief executive officer of the Indiana Manufacturers Association. "By investing in advanced optical sorting and glass recovery technology, WM is providing our state's manufacturers with a reliable, local source of high-quality recycled materials," Berger said. "This facility strengthens supply chain resilience and helps Indiana companies meet growing global demand for sustainable production." WM's expansion follows other recent investments in recycling infrastructure by large waste haulers, including Republic Services' expansion of its Peabody recycling center in greater Boston announced earlier this month. The investments suggest large operators are positioning for longer term growth in recycling volumes despite near-term weakness in recycled plastics markets, market participants said. WM declined to comment further ahead of its upcoming quarterly earnings call on 29 April. By Dona Davis Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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