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Methanol Opportunities Highlighted At Forum
By Mr Ethanol | August 30, 2007
Brunei Direct:
The Brunei Economic Development Board (BEDB) conducted a roundtable forum on the uses of methanol and how it can help develop local businesses, especially small and medium-sized enterprises, at the Sheraton Utama Hotel yesterday.
The roundtable was attended by SME business-people, who heard that the main goal of the BEDB is to create employment and better working opportunities. Employment and business opportunities are linked.
The mission for BEDB is to enable small businesses to grow beyond the region and expand for a sustainable future, rather than remain as small businesses.
The three main emphases are sharing information through initiatives, increasing their capacity, and creating new industries while also learning about them.
“Brunei’s main objective is to secure a smaller level of costs but with a higher margin, thus increasing their volatility.” This observation was made by Managing Director of Methanol Market Services Asia, Mark Berggren, who pointed out the applications of methanol, which is a “necessary ingredient for products”.
The chemical engineering expert described methanol in its simplest form. Methanol is a gas converted to liquid. It is toxic and denaturant. In his presentation, he said that 25 per cent of methanol blends with gasoline. Methanol can be used in a range of wood products, paint products, silicon, etc.
A methanol plant is being built in Sungai Liang. There are two major waves of investments which will provide new opportunities and benefit a cluster of employees servicing these industries.
“Some people can make DME from gases, but the applications are further down the road. Cars can also be modified for methanol use for low-level costs. The incremental costs are within the region of $50-150,”
Berggren added. Methanol is cheaper than gasoline and contains lower energy content.
Methanol is safer than gasoline and has no added sulphur and better emission.
There are certain advantages that may serve the consumers well. Continue reading…
Topics: Biofuel, BizOp, News, Positives, Trends |
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