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Methanol Economy Methanol Economy

India’s Leapfrog to Methanol Economy

Energy is considered as of the key inputs for economic development of the Country. India is poised to play a significant role in the Global energy space, as it is likely to account for 25% of the rise in global energy demand by 20403. Our Country’s energy demand is expected to rise at a compounded annual growth rate (CAGR) of 3.5% till 2040 as it advances on the path of development4. India imported 37% of its total primary energy demand in 2015-16, whereas the import dependence of crude oil and natural gas has increased from 73% and 17% in 2005-06 to 81% and 40% in 2015- 16 respectively. However, there has been a dismal growth in domestic oil (CAGR – 1.4%) and natural gas (0.01%) production over the last decade. Methanol and Dimethyl ether (DME) can play an important role in order to contain the rising imports and improve the energy security of India