DIMETHOXYETHANE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In May 2024, Lummus, a global provider of process technologies and infrastructure for the energy industry, launched its renewable dimethyl ether (rDME) technology. This innovative solution enables the production of rDME, a clean-burning fuel that can be used as a substitute for liquefied petroleum gas (LPG) or as a blending component in diesel fuel.
• In January 2022, Air Products, a chemical company, in collaboration with Indonesia-based coal miner, Bukit Asam, and energy company, Pertamina, commenced the construction of a new plant dedicated to converting coal into dimethyl ether (DME). This ambitious project involves an investment of USD 2.3 Bn.
• In 2021, Oberon Fuels began producing renewable dimethyl ether (rDME) on a commercial scale. At its upgraded facility in Brawley, California, the company is transforming waste methanol into rDME as part of a US$6 million project, which received partial funding from a grant awarded by the California Energy Commission. This marks the first instance of using feedstock to produce rDME on a large scale.
• In 2021, a joint venture was established between Mitsubishi Heavy Industries Engineering (MHIENG), Mitsubishi Gas Chemical Company (MGC), Mitsubishi Corporation (MC), and the National Gas Company of Massy Holdings (Massy) in Trinidad and Tobago, Caribbean. The joint venture, named Caribbean Gas Chemical Limited (CGCL), launched commercial operations of a dimethyl ether (DME) and methanol plant in the Republic of Trinidad and Tobago, located in the Caribbean region.