The chemicals market covers a broad sector of products drawn from fossil fuels such as crude oil, natural gas or Liquefied Petroleum Gas (LPG). These chemicals are used to develop polymers and numerous other organic compounds, which in turn are processed in the manufacturing of everyday goods such as adhesives, sealants and cleaning chemicals.
Our principally traded products, among them benzene and paraxylene, are employed as feedstock in the process of making plastics, resins or nylon. A-23 EOOD also handles other chemical products such as styrene, toluene and xylenes.
A-23 EOOD ’s chemicals trading business, is focused on shipping bulk raw materials from and to Asia, and from the Middle and Far East to industrial customers in Europe and the US.
Methanol is a highly versatile commodity for which demand is growing rapidly. Its compounds find use in both energy and petrochemical applications.
In the energy sector, the market for methanol is expanding as methanol is used in transportation fuels such as MTBE, biodiesel and gasoline blending. Through DME (dimethyl ether), methanol can be used as an LPG substitute and is replacing higher cost feedstock such as naphtha to produce olefins.
In the traditional petrochemical sector, methanol derivatives are used in a range of products from adhesives to paints and polyester.
Ethanol is produced either as a petrochemical or through the fermentation of agricultural goods such as corn, sugarcane and other crops. Ethanol has many industrial applications, but is most commonly used to produce motor fuel which is added to gasoline.
Today, most US cars run on gasoline comprising up to 10 percent ethanol, known as E10. However, in some countries gasoline blends with up to 85 percent ethanol (E85) are also available.
The United States is both the largest consumer of gasoline, accounting for about two fifths of the world’s consumption on an annual basis, as well as the largest single renewable fuel market in the world. In 2012, the country switched to become a net importer of ethanol from being a net exporter the previous year, thus reflecting its growing domestic demand. Brazil is currently the world’s second largest ethanol producer while Europe, Africa and the fast growing Asian economies are rapidly moving into this expanding market.