Dublin, March 03, 2021 (GLOBE NEWSWIRE) The "Global Renewable Methanol Market 2021-2028" report has been added to ResearchAndMarkets.com's offering. Global market for renewable methanol, predicts that the industry is likely to witness a CAGR of 3.16% by revenue and 2.08% by volume over the forecasting duration of 2021-2028.There has been a growing inclination towards the adoption of sustainable energy sources, which is one of the major growth-inducing factors for this market. Plus, the rigid governmental rules & regulations and the availability of renewable methanol are contributing to this growth. However, factors like the high costs required for the installation of these sources are hindering this growth process. Despite this, the industry has several opportunities for growth, which includes the usage of renewable methanol as a substitute to heave marine fuels.REGIONAL OUTLOOKThe market in North America is expected to grow the fastest worldwide, over the forthco
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DUBLIN (BUSINESS WIRE) Mar 1, 2021 The "Global Renewable Methanol Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.Global market for renewable methanol, predicts that the industry is likely to witness a CAGR of 3.16% by revenue and 2.08% by volume over the forecasting duration of 2021-2028.There has been a growing inclination towards the adoption of sustainable energy sources, which is one of the major growth-inducing factors for this market. Plus, the rigid governmental rules & regulations and the availability of renewable methanol are contributing to this growth. However, factors like the high costs required for the installation of these sources are hindering this growth process.
Basic materials stocks were trading in the positive zone, with the S&P BSE Basic Materials index rising 61.45 points or 1.58% at 3953.67 at 09:49 IST. Among the components of the S&P BSE Basic Materials index, Hindustan Copper Ltd (up 15.6%), Indian Metals & Ferro Alloys Ltd (up 7.17%),Camlin Fine Sciences Ltd (up 6.55%),Vedanta Ltd (up 5.18%),Gujarat Narmada Valley Fertilizers & Chemicals Ltd (up 5.02%), were the top gainers. Among the other gainers were Steel Authority of India Ltd (up 4.98%), Vikas Wsp Ltd (up 4.98%), Hindalco Industries Ltd (up 4.59%), Sharda Cropchem Ltd (up 4.02%), and Godawari Power & Ispat Ltd (up 3.69%). On the other hand, Mangalore Chemicals & Fertilizers Ltd (down 4.07%), DCW Ltd (down 2.87%), and Century Plyboards (India) Ltd (down 2.11%) moved lower.
Reliance Industries and its partner BP will get only USD 4.06 a unit for the new gas they have started to produce from the eastern offshore KG-D6 field even though they have discovered a higher rate in an open market auction, sources said. Reliance-BP in November 2019 auctioned initial gas from the R-Series field at a biddable percentage of Brent crude oil price. If Brent crude oil stays in the current range of USD 50 to 51 a barrel, the price comes to USD 4.2 to 4.4 per million British thermal unit, two sources at the buyers of R-Series gas said. Even though operators have pricing freedom, they can t sell gas at a rate higher than the cap the government notifies every six months. The cap for six months to March 31, 2021, is USD 4.06 per mmBtu and so Reliance-BP would get only that amount for the remainder of the current fiscal, they said.