Industry and Marketing Prospect of METHANOL In Indonesia, The methanol industry in Indonesia is one of the petrochemical industries that has relatively not developed in the past two decades. Methanol producers, which were originally two companies, now only have one company; PT. Kaltim Methanol Industri. Though the demand for these chemicals is relatively large and tends to increase every year. Even according to Industry Minister Airlangga Hartanto, the need for methanol in Indonesia in the next 2021 is predicted to reach 1,500,000 tons per year. While the methanol production capacity in Indonesia is only at 660,000 tons per year, so the shortfall is met by imports.
Even though the performance of the formaldehyde industry has slowed down so far, the new Renewable Energy (EBT) program has been launched by the Government since 2010, then expanded with a 20% Mandatory biodiesel (B20), and the mandatory implementation of 30% biodiesel (B30). Even President Joko Widodo recently urged the acceleration of the use of biodiesel and new renewable energy, because currently fossil energy use is still very dominant from the national energy mix while the utilization of new renewable energy is still very small. Such conditions will certainly encourage increased consumption of methanol as a raw material for the biodiesel industry, as well as other potential industries such as MTBE, Dimethyl Ether (DME) and others.
In addition, the scarcity of natural gas supply which has been a problem for the development of the petrochemical industry in Indonesia has begun to receive serious attention from the Government. The government is obliged to guarantee the smooth supply of natural gas both in terms of supply and price.
This encourages BIZTEKA to discuss more about the industry prospects and marketing of methanol in Indonesia. Industry Profile will discuss the development of methanol supply and demand in the domestic market, prices and market opportunities in the next five years.
This Industrial Profile Report is prepared based on two sources; primary and secondary data. Primary data is obtained from methanol producers in Indonesia, chemical distributors and user industries. While secondary data is obtained from relevant government agencies such as the Ministry of Industry, the Central Bureau of Statistics, the Investment Coordinating Board and the data bank in Bizteka-CCI.