Air Products and Chemicals, Inc. has announced a long-term contract with Imperial to supply low-carbon hydrogen for Imperial’s proposed renewable diesel facility. Imperial will use Air Product’s low-carbon hydrogen to produce renewable diesel at Strathcona which substantially reduces greenhouse gas emissions relative to conventional production.
To launch a commercial operation of a methanol and dimethyl ether (DME) in Trinidad and Tobago, Mitsubishi Corporation, Mitsubishi Gas Chemical Company, and Mitsubishi Heavy Industries Engineering have joined forces with NGC and Massy Holdings, a joint venture in Trinidad and Tobago, Caribbean Gas Chemical Limited.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 3501
Published Date: Apr 25, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing utilization of dimethyl ether in aerosol propellants along with a growing number of LPG plants are the major factors driving the growth of the dimethyl ether market.
The market is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2023-2035.
Lack of oil and gas production and high production cost are the few factors likely to hamper the market growth.
The market in Asia Pacific is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future
The major players in the market are Mitsubishi Corporation, Air Products, and Chemicals, Inc., Nouryon Chemicals Holdings B.V., Shell plc, Praxair Technology, Inc., Akzo Nobel N.V., and so on.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by raw materials, application, and by region.
The fossil fuel segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.