Argus launches US low-carbon methanol prices

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May 13, 2024, 08:45 ET

HOUSTON, May 13, 2024 /PRNewswire/ -- Global energy and commodity price reporting service Argus has launched a low-carbon methanol assessment for the US Gulf coast.

The new price adds transparency and facilitates liquidity in the rapidly developing blue, green, and e-methanol low-carbon markets.

Alongside a market-survey based price assessment, which reflects the transactable value of low-carbon methanol, Argus has also launched a cost calculation for the production of low-carbon methanol. The two price points will provide a separate market reference for this emerging sector.

Low-carbon methanol is attracting widespread attention from multiple industrial sectors because it offers a decarbonization route both for the chemical industry's traditional end-uses and for reducing the sulphur content and carbon footprint of shipping, where it can be used as a bunker fuel.

Argus Media chairman and chief executive Adrian Binks said: "We are pleased to enhance our global suite of daily, weekly, and monthly methanol prices and bring new transparency to this exciting market at the US Gulf coast. Our methanol assessments and indices are increasingly being adopted by producers, consumers, traders and companies across the methanol supply chain, because they provide the price participants need to deal with some of the challenges of the evolving energy transition."

Argus contact information

London: Seana Lanigan
+44 20 7780 4200
Email Seana

Houston: Matt Oatway
+1 713 968 0000
Email Matt

Singapore: Tomoko Hashimoto
+65 6496 9960
Email Tomoko

About Argus Media

Argus is the leading independent provider of market intelligence to the global energy and commodity markets. We offer essential price assessments, news, analytics, consulting services, data science tools and industry conferences to illuminate complex and opaque commodity markets.

Headquartered in London with over 1,400 staff, Argus is an independent media organisation with 30 offices in the world's principal commodity trading hubs.

Companies, trading firms and governments in 160 countries around the world trust Argus data to make decisions, analyse situations, manage risk, facilitate trading and for long-term planning. Argus prices are used as trusted benchmarks around the world for pricing transportation, commodities and energy.

Founded in 1970, Argus remains a privately held UK-registered company owned by employee shareholders and global growth equity firm General Atlantic.

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SOURCE Argus Media