{"id":10421,"date":"2018-09-19T16:14:12","date_gmt":"2018-09-19T07:14:12","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=10421"},"modified":"2023-02-16T17:39:01","modified_gmt":"2023-02-16T08:39:01","slug":"indispensable-materials-part-12-welcome-methanol-age","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2018-09-indispensable-materials-part-12-welcome-methanol-age\/","title":{"rendered":"Indispensable Materials Part 12: Welcome to the Methanol Age"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"10421\" class=\"elementor elementor-10421\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5df254d3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5df254d3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-14a12cf3\" data-id=\"14a12cf3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4c93f33 elementor-widget elementor-widget-text-editor\" data-id=\"4c93f33\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Just like the stone age and bronze age are remembered for the tools of their periods, our modern era may one day be known for one of the most widespread and instrumental chemicals of our time: methanol.<\/p><p>Also known as carbinol, methyl alcohol, and methyl hydrate, methanol is the simplest alcohol with properties similar to ethanol. Known colloquially as wood alcohol, its history extends all the way to ancient Egypt where it was extracted from wood through thermal decomposition and used in the embalming process. Today, it is considered one of the most useful industrial chemicals. As a clean fuel it is a promising alternative to traditional fossil fuels and major shipping companies are looking at ways to use it to reduce emissions. With so many applications, it&#8217;s no wonder the methanol industry is booming.<\/p><p>Worldwide there are over 90 methanol plants with a combined production capacity of approximately 110 metric tons. Demand in Asia has been growing steadily since the 1980s, with Asia-Pacific now the driving force of growth in the market. During that time, Samsung C&amp;T has developed long-term relationships with both domestic and overseas chemical companies, becoming the largest domestic supplier in Korea. Take a look at the infographic below to learn more about the chemical that is defining an era.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-852d3bf elementor-widget elementor-widget-image\" data-id=\"852d3bf\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/wp-content\/uploads\/sites\/3\/2018\/09\/Methanol-A-Guide-To-The-Worlds-Most-Essential-Chemical-scaled.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"Methanol, A Guide To The World&#039;s Most Essential Chemical\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MzQ1NzMsInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMThcLzA5XC9NZXRoYW5vbC1BLUd1aWRlLVRvLVRoZS1Xb3JsZHMtTW9zdC1Fc3NlbnRpYWwtQ2hlbWljYWwtc2NhbGVkLmpwZyJ9\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"354\" height=\"2560\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2018\/09\/Methanol-A-Guide-To-The-Worlds-Most-Essential-Chemical-scaled.jpg\" class=\"attachment-medium_large size-medium_large wp-image-34573\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2018\/09\/Methanol-A-Guide-To-The-Worlds-Most-Essential-Chemical-scaled.jpg 354w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2018\/09\/Methanol-A-Guide-To-The-Worlds-Most-Essential-Chemical-scaled-283x2048.jpg 283w\" sizes=\"(max-width: 354px) 100vw, 354px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Just like the stone age and bronze age are remembered for the tools of their periods, our modern era may one day be known for one of the most widespread and instrumental chemicals of our time: methanol. Also known as carbinol, methyl alcohol, and methyl hydrate, methanol is the simplest alcohol with properties similar to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[1116,225,1117,1118,1119,1120,1121,1122,1123,1124,1125,1126,1127,1128,1129,1130,1051,1131,1132,1133,1134,1135,1136,1137,1138,1139,1140,1141,1142,1143,1144,1145,722,90,1146,103,161,1147,1148,1149,1150,187,1151,1152],"class_list":["post-10421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading-investment","tag-agriculture","tag-ct","tag-carbinol","tag-chemical-companies","tag-chemical-market","tag-chemical-properties","tag-clean-fuel","tag-colorless-liquids","tag-difference-between-methanol-and-ethanol","tag-distillation","tag-essential-chemicals","tag-ethanol","tag-everyday-chemicals","tag-extraction","tag-global-demand-of-methanol","tag-indispensable-materials","tag-innovation","tag-instrumental-chemicals","tag-methanol","tag-methanol-age","tag-methanol-applications","tag-methanol-characteristics","tag-methanol-in-daily-life","tag-methanol-industry","tag-methanol-market","tag-methanol-market-size","tag-methanol-plants","tag-methanol-production","tag-methanol-properties","tag-methyl-alcohol","tag-methyl-hydrate","tag-pharmaceuticals","tag-samsung","tag-samsung-ct","tag-samsung-ct-innovation","tag-samsung-ct-newsroom","tag-samsung-ct-trading","tag-steam-reforming","tag-the-largest-domestic-methanol-trading-company","tag-the-worlds-most-essential-chemical","tag-thermal-decomposition","tag-trading","tag-traditional-fossil","tag-wood-alcohol"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indispensable Materials Part 12: Welcome to the Methanol Age - Samsung C&amp;T Newsroom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2018-09-indispensable-materials-part-12-welcome-methanol-age\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indispensable Materials Part 12: Welcome to the Methanol Age - Samsung C&amp;T Newsroom\" \/>\n<meta property=\"og:description\" content=\"Just like the stone age and bronze age are remembered for the tools of their periods, our modern era may one day be known for one of the most widespread and instrumental chemicals of our time: methanol. Also known as carbinol, methyl alcohol, and methyl hydrate, methanol is the simplest alcohol with properties similar to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2018-09-indispensable-materials-part-12-welcome-methanol-age\/\" \/>\n<meta property=\"og:site_name\" content=\"Samsung C&amp;T Newsroom\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-19T07:14:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-16T08:39:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.samsungcnt.com\/en\/wp-content\/uploads\/sites\/3\/2018\/09\/1200x959thumb294x235\ub300\uccb4-9.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"959\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samsung C&amp;T Global PR Manager\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samsung C&amp;T Global PR Manager\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2018-09-indispensable-materials-part-12-welcome-methanol-age\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2018-09-indispensable-materials-part-12-welcome-methanol-age\/\"},\"author\":{\"name\":\"Samsung C&amp;T Global PR Manager\",\"@id\":\"https:\/\/news.samsungcnt.com\/en\/#\/schema\/person\/7c21bf3897113ac1b49ed07b1d871d08\"},\"headline\":\"Indispensable Materials Part 12: Welcome to the Methanol Age\",\"datePublished\":\"2018-09-19T07:14:12+00:00\",\"dateModified\":\"2023-02-16T08:39:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2018-09-indispensable-materials-part-12-welcome-methanol-age\/\"},\"wordCount\":222,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/news.samsungcnt.com\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2018-09-indispensable-materials-part-12-welcome-methanol-age\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2018\/09\/1200x959thumb294x235\ub300\uccb4-9.jpg\",\"keywords\":[\"Agriculture\",\"C&amp;T\",\"carbinol\",\"chemical companies\",\"chemical market\",\"chemical properties\",\"clean fuel\",\"colorless liquids\",\"difference between methanol and ethanol\",\"Distillation\",\"essential chemicals\",\"ethanol\",\"everyday chemicals\",\"Extraction\",\"Global demand of methanol\",\"Indispensable Materials\",\"innovation\",\"instrumental chemicals\",\"Methanol\",\"Methanol Age\",\"Methanol Applications\",\"methanol characteristics\",\"methanol in daily life\",\"methanol industry\",\"Methanol Market\",\"methanol market size\",\"methanol plants\",\"Methanol production\",\"methanol properties\",\"methyl alcohol\",\"methyl hydrate\",\"Pharmaceuticals\",\"samsung\",\"samsung c&amp;t\",\"samsung c&amp;t innovation\",\"Samsung C&amp;T Newsroom\",\"Samsung C&amp;T Trading\",\"Steam reforming\",\"The largest domestic methanol trading company\",\"The world's most essential chemical\",\"thermal decomposition\",\"Trading\",\"traditional fossil\",\"wood alcohol\"],\"articleSection\":[\"Trading &amp; Investment\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2018-09-indispensable-materials-part-12-welcome-methanol-age\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2018-09-indispensable-materials-part-12-welcome-methanol-age\/\",\"url\":\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2018-09-indispensable-materials-part-12-welcome-methanol-age\/\",\"name\":\"Indispensable Materials Part 12: Welcome to the Methanol Age - 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