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Russian methanol industry shutting down - media

2 monthes ago   |   By RT

The vital chemical is falling victim to Western sanctions, Kommersant daily reports
Methanol output in Russia has fallen to minimum levels necessary to keep production plants functioning, business daily Kommersant reported on Monday.
Suspension of trade with customers in Europe and a drop in domestic demand are forcing producers to dramatically reduce output and sell their produce to China at a knockdown price, the paper writes, citing its sources.
In 2020 Russia was the world's fourth-largest methanol supplier, accounting for 10% of global exports, according to economic data portal...
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