{"id":47390,"date":"2024-01-22T12:44:36","date_gmt":"2024-01-22T03:44:36","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=47390"},"modified":"2024-01-23T14:22:28","modified_gmt":"2024-01-23T05:22:28","slug":"getting-to-know-methanol","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2024-01-getting-to-know-methanol\/","title":{"rendered":"Getting to know methanol"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"47390\" class=\"elementor elementor-47390\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d89514a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d89514a\" 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-a165eda\" data-id=\"a165eda\" 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-6524508 elementor-widget elementor-widget-heading\" data-id=\"6524508\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">At a glance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-347de5f elementor-align-left elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"347de5f\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Methanol was originally distilled in the 1600s by Irish chemist Robert Boyle<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">\tAlso referred to as wood alcohol, methanol has thousands of applications<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">With a positive global market outlook, methanol is an important commodity to Samsung C&T\u2019s trading operations<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56517de elementor-widget elementor-widget-text-editor\" data-id=\"56517de\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When we think of alcohol, perhaps many of us immediately conjure up images of alcoholic beverages. But the kind of alcohol that we\u2019re \u201cgetting to know\u201d in this article is methanol &#8212; and it\u2019s not the kind that anyone should be drinking. In fact, doing so with even a small amount could be fatal.<\/p><p>Methanol is also referred to as wood alcohol, and was originally distilled from wood by Irish chemist <a href=\"http:\/\/www.globalchemicalprice.com\/usefulsingle\/1018\">Robert Boyle<\/a> in 1661. He distilled boxwood and found the result to be a flammable, clean-burning liquid, which he called \u201cspirit of box.\u201d Two hundred years later, the scientific community agreed to call the substance \u201cmethanol.\u201d<\/p><p>With its relatively simple chemical structure, CH<sub>3<\/sub>OH, methanol is usually produced today by directly combining carbon monoxide gas and hydrogen with a catalyst. It can boast a range of important industrial uses, so let\u2019s find out more.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f958685 elementor-widget elementor-widget-image\" data-id=\"f958685\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/en\/wp-content\/uploads\/sites\/3\/2024\/01\/methanol.jpg\" data-elementor-open-lightbox=\"yes\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6NDczOTIsInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMjRcLzAxXC9tZXRoYW5vbC5qcGcifQ%3D%3D\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1260\" height=\"620\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2024\/01\/methanol.jpg\" class=\"attachment-full size-full wp-image-47392\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2024\/01\/methanol.jpg 1260w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2024\/01\/methanol-500x246.jpg 500w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2024\/01\/methanol-1024x504.jpg 1024w\" sizes=\"(max-width: 1260px) 100vw, 1260px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\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<div class=\"elementor-element elementor-element-8a40f4c elementor-widget elementor-widget-heading\" data-id=\"8a40f4c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The many uses of methanol<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cfc7273 elementor-widget elementor-widget-text-editor\" data-id=\"cfc7273\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>There are thousands of applications of methanol, including many in our daily lives. These include in gasoline, plywood, and high-performance plastics.<\/p><p>There is also growing interest in methanol-powered ships and automobiles. In particular, it is <a href=\"https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S036012851830042X\">quite useful as a fuel<\/a> because it has all the properties that we expect from one: liquid at room temperature, flammable, and easy to transport and manufacture.<\/p><p>Methanol-powered ships are currently being developed with the idea of having ships run on the same substance that they are transporting. Also, as shipping is a significant consumer of fossil fuels, finding alternative fuels is better for the environment.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f81586b elementor-widget elementor-widget-image\" data-id=\"f81586b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/en\/wp-content\/uploads\/sites\/3\/2024\/01\/Info_methanol_1-scaled.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"How Much Do You Know About Methanol?\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6NDczOTMsInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMjRcLzAxXC9JbmZvX21ldGhhbm9sXzEtc2NhbGVkLmpwZyJ9\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"429\" height=\"2048\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2024\/01\/Info_methanol_1-scaled-429x2048.jpg\" class=\"attachment-2048x2048 size-2048x2048 wp-image-47393\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2024\/01\/Info_methanol_1-scaled-429x2048.jpg 429w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2024\/01\/Info_methanol_1-scaled-105x500.jpg 105w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2024\/01\/Info_methanol_1-scaled-322x1536.jpg 322w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2024\/01\/Info_methanol_1-scaled.jpg 536w\" sizes=\"(max-width: 429px) 100vw, 429px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\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<div class=\"elementor-element elementor-element-3245112 elementor-widget elementor-widget-heading\" data-id=\"3245112\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Demand for methanol fuels steady market growth<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ea31306 elementor-widget elementor-widget-text-editor\" data-id=\"ea31306\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The global methanol market is <a href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/methanol-market-425.html\">forecast to reach USD 38 billion by 2028<\/a>, rising from USD 30.9 billion in 2023 at a CAGR of 4.2%.<\/p><p>The market is being driven by demand in the construction and automotive sectors as well as electronics and appliances.<\/p><p>You can also see in the infographic below how Saudi Arabia, Trinidad and Tobago, and the United States were listed as the largest methanol exporters as of 2021, while China, the United States, India, and Korea were the most significant importers.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c6ca285 elementor-widget elementor-widget-image\" data-id=\"c6ca285\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/en\/wp-content\/uploads\/sites\/3\/2024\/01\/Info_methanol_2.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"How Much Do You Know About Methanol?\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6NDczOTQsInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMjRcLzAxXC9JbmZvX21ldGhhbm9sXzIuanBnIn0%3D\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"440\" height=\"1024\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2024\/01\/Info_methanol_2-440x1024.jpg\" class=\"attachment-large size-large wp-image-47394\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2024\/01\/Info_methanol_2-440x1024.jpg 440w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2024\/01\/Info_methanol_2-215x500.jpg 215w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2024\/01\/Info_methanol_2-660x1536.jpg 660w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2024\/01\/Info_methanol_2-881x2048.jpg 881w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2024\/01\/Info_methanol_2.jpg 940w\" sizes=\"(max-width: 440px) 100vw, 440px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\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<div class=\"elementor-element elementor-element-8b272bc elementor-widget elementor-widget-heading\" data-id=\"8b272bc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Where does Samsung C&amp;T come in?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-397af0e elementor-widget elementor-widget-text-editor\" data-id=\"397af0e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Given the vast global reach of the market, companies trading methanol can benefit from developing wide-ranging capabilities.<\/p><p>Samsung C&amp;T Trading &amp; Investment Group uses its own logistics facilities to <a href=\"https:\/\/trading.samsungcnt.com\/eng\/business\/chemicals.do\">conduct various methanol-related sales operations<\/a> in the Asian market, including in Korea, China, and Vietnam.<\/p><p>Based on stable business relationships with major domestic chemical companies and global suppliers, Samsung C&amp;T ranks first in methanol market share in Korea and Vietnam and continues to expand its sales to other countries such as China.<\/p><p>Samsung C&amp;T will continue to strive to drive this important commodity that has very different associations than those that usually surround alcohol!<\/p>\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>At a glance Methanol was originally distilled in the 1600s by Irish chemist Robert Boyle Also referred to as wood alcohol, methanol has thousands of applications With a positive global market outlook, methanol is an important commodity to Samsung C&#038;T\u2019s trading operations When we think of alcohol, perhaps many of us immediately conjure up images [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":47391,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-47390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading-investment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Getting to know methanol - 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\/2024-01-getting-to-know-methanol\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Getting to know methanol - Samsung C&amp;T Newsroom\" \/>\n<meta property=\"og:description\" content=\"At a glance Methanol was originally distilled in the 1600s by Irish chemist Robert Boyle Also referred to as wood alcohol, methanol has thousands of applications With a positive global market outlook, methanol is an important commodity to Samsung C&#038;T\u2019s trading operations When we think of alcohol, perhaps many of us immediately conjure up images [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2024-01-getting-to-know-methanol\/\" \/>\n<meta property=\"og:site_name\" content=\"Samsung C&amp;T Newsroom\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-22T03:44:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-23T05:22:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.samsungcnt.com\/en\/wp-content\/uploads\/sites\/3\/2024\/01\/banner_methanol.jpg\" \/>\n\t<meta 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