DI METHYL ETHER MARKET ANALYSIS
Global Di Methyl Ether: Recent Developments
In March 2021, SHV Energy and KEW Technology formed a joint venture called Circular Fuels Ltd. a. The company's objective was to develop a renewable dimethyl ether (rDME) production plant to convert renewable and recycled carbon feedstock into renewable LPG.
In January 2022, Air Products and Chemicals, together with Indonesian coal mining company Bukit Asam and energy company Pertamina, has begun construction of a new plant to convert coal into dimethyl ether (DME). The investment amount reached US$2.3 billion.
In January 2021, Mitsubishi Corporation announced that Caribbean Gas Chemicals Limited (CGCL), a joint venture between Mitsubishi Group companies, including Mitsubishi Gas Chemical (MGC), Mitsubishi Corporation (MC), and Mitsubishi Heavy Industries Engineering (MHIENG), and Trinidad National Gas Company, will It started commercial production of dimethyl ether (DME) from December 2020, with an annual production capacity of 20 kilotons of DME.
Figure 1: Global Di Methyl Ether Share (%) in terms of Value, By Region, in 2022
Asia Pacific region dominated the Global Di Methyl Ether in 2022, accounting for an 84% share in terms of value, followed by Europe and North America respectively.
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