Industry News

Primus Green Energy Announces Plans to Build Methanol Production Facility

United States: Primus Green Energy, a leading US based gas-to-liquids (GTL) technology developer, has announced plans to build methanol production plant in the Marcellus shale region by the end of 2017. The manufacturing facility, which is based on a modular design, would have the capacity to produce 160 Metric Tons of methanol on a daily basis. Post the completion of the planned project, the company plans to increase the installed production capacity of the plant to 640 Metric Tons per day. Modular GTL systems of Primus Green Energy would convert the Marcellus feedstock into methanol at the same location, thereby bringing down the production and transportation costs for its clients. The technology provided by the company offers cost effective solutions to its clients for production of methanol as well as gasoline.

TechSci Research depicts that incorporation of modular GTL systems would provide stable and lucrative avenues for local gasoline and methanol producers in the United States, thereby safeguarding the energy demands and steering the fuel additives market in the country.

According to TechSci Research report, United States Fuel Additives Market Forecast and Opportunities, 2020”, US fuel additives market is projected to grow at a CAGR of over 6% during 2015-20. The US fuel additives market is expected to witness promising growth over the next five years on account of rising demand for cleaner fuels and growing consumer preference towards fuel efficient vehicles. In particular, the use of fuel additives for application in gasoline is expected to grow in the US over the course of next five years.

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