WMC 2025 – Day 1

14 – 16 October 2025 · Lisbon, Portugal

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WMC 2025 – Day 1

Wednesday, October 15
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Mike Nash, Vice President, Syngas, Chemical Market Analytics by OPIS

Session 1: Geopolitics and Economic Outlook

This session will examine the broader economic and geopolitical landscape shaping the methanol industry, including the impact of regional energy prices on production costs, the effects of ongoing geopolitical tensions, such as U.S. import tariffs and countermeasures, and the current state and outlook of both regional and global economies.

Matthew Thoelke, Vice President EMEA Olefins, Chemical Market Analytics by OPIS
As energy markets contend with intensifying geopolitical tensions, shifting trade flows, and evolving supply-demand dynamics, short-term volatility is once again coming into focus. At the same time, countries are being forced to reassess their energy strategies amid an increasingly polarized geopolitical landscape. Greater competition for resources and economic growth will prompt some countries to seek energy security at the cost of long-term transition to low carbon sources. Yet other countries will attempt to accelerate their transition plans as a pathway to energy security.
Mariana Santos Moreira, Thought Leadership Director, Chemical Market Analytics by OPIS
The tariffs continue threatening the disruption of global trade, driving up costs, and intensifying supply chain pressures across the chemical industry. This presentation will explore the economic fallout and the tectonic impact a global trade conflict will have on the chemical industry, while also unveiling potential opportunities ahead.
Mike Nash, Vice President, Syngas Chemicals, Chemical Market Analytics by OPIS
In the short-term, the methanol industry is dominated by grey methanol. The energy transition is reducing growth into conventional fuels applications, but what are the implications of the slowdown in this move to cleaner energy and Donald Trump’s mantra of “drill baby, drill”? What are the prospects for MTO in oversupplied olefins and polyolefins markets? Inter-regional trade is a key feature of the methanol world: what are the implications of the US import tariffs and the counter-tariffs? The sustainability agenda has prompted many low-carbon methanol projects, but production costs are high and very few projects have achieved FID. How will the industry ensure there is sufficient supply of sustainable methanol to satisfy demand into applications such as marine fuel?  
Andrei Akzhigitov, Director, EMEA Methanol, Chemical Market Analytics by OPIS
Ask your questions to the panel of session presenters to delve deeper into the subject matter.
Make new connections or join familiar faces during this dedicated break. Sessions to resume at 1035.

Session 2: Regional Methanol Focus

Led by Chemical Market Analytics’ regional methanol experts, this session will provide an in-depth analysis of supply-demand balances across key regions, the evolution of global trade patterns, and the outlook for both grey and low-carbon methanol capacity, where it’s expected to be built and why. Short- and long-term forecasts will be presented, addressing critical questions about future suppliers, buyers, and the dynamics of regional trading.

Xiaomeng Ma, Director, Asia Methanol, Chemical Market Analytics by OPIS
The methanol industry is undergoing a major transformation, driven by sustainability concerns, technological advancements, and the global transition to cleaner energy. Despite these changes, conventional methanol remains the dominant force in the market. Many commodity chemical producers are struggling to achieve growth given low profitability and weak demand. Is the global methanol industry facing the same challenge? Could sustainable methanol be the catalyst for industry-wide rationalization and restructuring? This presentation will examine short- to medium-term industry fundamentals, methanol trade dynamics, emerging demand opportunities, and the growing influence of sustainability in shaping the future of the methanol market.
Andrei Akzhigitov, Director, EMEA Methanol, Chemical Market Analytics by OPIS
This year became a breakthrough for the methanol industry. A string of geopolitical events – tariffs, conflicts and sanctions – has hit demand, which has slowed sharply and in places almost stopped, reshaping global trade flows. Europe now depends heavily on imports while the Middle East is the biggest net exporter. What can we expect in the near future – and why is India central to this shift?
In this presentation we will examine the key challenges shaping the future of the European and Middle Eastern methanol industries, explore possible development scenarios, and consider a new role for India within these changing trade patterns.
Maia Dolan, Director, Americas Methanol, Chemical Market Analytics by OPIS
The Americas region has established itself as a leading global methanol supplier, particularly following North America’s shift to a net export position in 2021. As the regions strengthen this position, progress has been constrained by feedstock limitations and production challenges at domestic sites. With rising demand, critical questions emerge about the short- and long-term impact of supply on the regional landscape. This presentation will provide a comprehensive overview of recent supply challenges and opportunities, the emergence of new suppliers, shifts in trade flows, and expectations for grey and low-carbon methanol developments. Additionally, insights into North and South America’s supply-demand balances and trade flows will be explored, offering a perspective on the region’s evolving market dynamics.
Yann Dumont, Vice President and CEO, Reolum
Hard-to-abate industries urgently require scalable alternatives to fossil fuels. E-methanol is rapidly emerging as a leading RFNBO solution, driven by strong policy support from both the EU and the IMO. This presentation will showcase the development of La Robla Green and Villadangos Green in Spain—two of Europe’s most advanced e-methanol projects—while highlighting the six pillars underpinning their success: feedstock security, certification, trusted partnerships, financing, logistics, and community engagement.
Mike Nash, Vice President, Syngas Chemicals, Chemical Market Analytics by OPIS
Ask your questions to the panel of session presenters to delve deeper into the subject matter.
Network and interact with fellow attendees – sessions resume at 1340.

Session 3: Focus: Chemical End-Use Marketplaces

In this session, internal and external speakers will highlight the characteristics and growth prospects of some of the major chemical end-use markets for methanol. From commodities to specialties, we will explore how these diverse applications are expected to drive methanol.

Gabriel Sousa, Executive Director, Altri Group
Caima, S.A., a Portuguese company from Altri Group, is implementing an innovative project for the production of acetic acid and furfural from industrial side-stream condensates derived from the sulphite dissolving pulp production process. This project aims to install a new industrial unit integrated in the Caima mill that will enable solvent extraction, solvent recovery, and purification of acetic acid and furfural, promoting circular economy and environmental and economic sustainability in the sector. The dissolving pulp production process involves the reaction of acetyl groups and xylans present in Eucalyptus globulus wood, resulting in the formation of wood chemicals such as acetic acid and furfural. The new industrial unit will use advanced techniques to recover and purify these compounds, achieving a purity of over 99% for furfural and 99.9% for acetic acid. This project allows Caima to increase value with same wood input, to diversify its products and to reach new markets. It will also strengthen Europe’s sustainable production and security of supply for these chemicals. In addition to economic advantages, the extraction and purification of acetic acid and furfural will contribute to further improve the organic effluent treatment system of the mill, promoting environmental performance of the site. On top of this, the new production unit will benefit from 100% renewable energy produced at the pulp mill site. The key features and final updates of this industrial project will be further expanded within this conference presentation.
Martin Staley, Executive Director, Global Acrylates & Oxo Alcohols, Chemical Market Analytics by OPIS
Methyl methacrylate remains a key building block for commercially important polymers including polymethyl methacrylate (PMMA). New technologies continue to be developed with ethylene based plants providing cost advantages. All production processes continue to utilize methanol with formaldehyde also employed. The presentation will focus on the recent developments in this 4 million ton global market.
Kevin van Balkom, Sr. Process Engineer, Dynea
Formaldehyde is currently produced industrially via partial oxidation of methanol, making it the largest methanol derivative. Since over 90% of formaldehyde’s carbon footprint originates from methanol, switching to blue or green methanol presents a viable strategy for reducing emissions. However, the prospect of directly converting carbon dioxide into formaldehyde offers an even more compelling pathway toward decarbonization. Could formaldehyde lose its role as a major consumer of methanol?
Matthew Thoelke, Vice President EMEA Olefins, Chemical Market Analytics by OPIS
As global demand for light olefins continues to grow, the Methanol-to-Olefin (MTO) process has emerged as a vital alternative to traditional NGL- and naphtha- based steam cracking. It plays an increasingly strategic role in feedstock diversification, particularly in coal and gas rich regions like China and the Middle East where energy security concerns are reshaping priorities. While the process allows for greater feedstock flexibility in petrochemical production, it comes with environmental trade-offs. The rise of green methanol, however, opens the door for MTO to serve as a potential bridge toward decarbonization.
Maia Dolan, Director, Americas Methanol, Chemical Market Analytics by OPIS
Ask your questions to the panel of session presenters to delve deeper into the subject matter.
Make new connections or join familiar faces during this dedicated break. Sessions to resume at 1545.

Session 4: Conventional Fuel Uses

This session will begin by outlining the regulatory framework of the regional and global fuels industry. It will then explore key conventional fuel applications—such as MTBE, DME, and biodiesel—highlighting both short- and long-term growth forecasts and their implications for methanol demand.

Thibaud Vincendon, Commercial Director, Methanol Reformer
Methanol Reformer develops advanced technology to generate hydrogen and electricity through methanol reforming, offering scalable, off-grid solutions for sustainable energy supply. Our systems provide immediate, reliable power with low maintenance, minimal noise, and long service life, making them a practical alternative for industrial sites, remote locations, and transportation applications. By using methanol as a carbon-neutral energy carrier, our technology enables safe and efficient hydrogen transport and utilization without harmful emissions (NOx, SOx, PM). As machine manufacturers, we are actively establishing collaborations across the methanol value chain with producers, bunkering providers, and offtakers, positioning Methanol Reformer at the center of sustainable energy deployment. In this session, we will showcase our latest projects and share insights on how methanol reforming can accelerate the adoption of hydrogen as a clean energy vector. Attendees will gain a clear understanding of methanol’s potential to enable decentralized, sustainable energy solutions.
Kirstin Kettler, Global Director, Marketing, Valenz AG
Methanol is used today to make all manner of day-to-day products – from building materials and textiles to paints and solvents and components for cars. At Proman/Valenz, we have also found new value markets for it as a cleaner burning fuel. Whether that is for transportation or power generation, its lower emissions and ease of storage, distribution, and use, as well as its pathway possibilities, make it one of the most attractive alternatives to conventional fossil fuels today.
Remko Koster, Director, C4s and Elastomers for Europe, the Middle East, and Africa, Chemical Market Analytics by OPIS
Despite disruptive events, such as the pandemic, and the start of the electrification of the vehicle fleet, global demand for MTBE in the gasoline markets has continued to grow in recent years. So far, the massive rise of MTBE exports out of mainland China has been absorbed by demand growth in emerging economies. Both short term market trends and long term view on gasoline and MTBE demand outlook will be presented.
Xiaomeng Ma, Director, Asia Methanol, Chemical Market Analytics by OPIS
Ask your questions to the panel of session presenters to delve deeper into the subject matter.
Mike Nash, Vice President, Syngas, Chemical Market Analytics by OPIS 
Network with your fellow attendees, speakers and sponsors – a perfect end to the 1st day.
Session Speakers

Andrei Akzhigitov Director, EMEA Methanol Chemical Market Analytics by OPIS

Andrei Akzhigitov is the EMEA Methanol Director for Syngas Chemicals at Chemical Market Analytics. His responsibilities include the weekly World Methanol Report and monthly World Methanol Analysis,  focusing on the EMEA region. Before joining Chemical Market Analytics in February 2024, Andrei worked for over 20 years with well-known companies in the chemical sector, such as Evonik, Brenntag, Metafrax, and Sibur. He has a rich history of working on diverse methanol projects, optimizing supply chains, handling trade, spearheading derivative production, and engaging in R&D. His career has led him to work in cities like Moscow, Hanau, and Amman. Andrei has a Master’s in Chemistry from Lomonosov Moscow State University in Russia and has also completed a marketing program at Mannheim Business School in Germany.

Kevin van Balkom Sr. Process Engineer Dynea AS

Kevin van Balkom is Sr. Process Engineer working with licensing of formaldehyde technology at the Licensing and Projects department of Dynea AS. Kevin van Balkom holds a degree [MSc.] in chemical engineering from Eindhoven University of Technology with a focus on multi-scale modelling of multiphase flows. Dynea is a leader in the European wood adhesives market with a broad portfolio of adhesives for the wood processing industries. Dynea licenses the silver catalyst formaldehyde process, both for new formaldehyde plants as well as revamps.

Maia Dolan Director, Americas Methanol Chemical Market Analytics by OPIS

Maia Dolan is the Director of Methanol with the Syngas Chemicals Team at Chemical Market Analytics. Based in New York, Marisabel (Maia) is a Director of Methanol for Chemical Market Analytics by OPIS (CMA), A Dow Jones Company in the Americas. She has more than 18 years of experience in Market Intelligence in the petrochemical industry. She has managed and led teams of research analysts in domestic and international chemical studies involving market research, economic evaluations, technology assessments, and strategic plan development and analysis. Before joining CMA, Maia worked at S&P Global, delivering strategy, sustainability, and analytics with a focus on plastic recycling and low-carbon production processes. She also worked as a Senior Consultant for NexantECA, authoring industry-leading reports focused on economic, pricing, and technology trends and developments in areas of interest to the chemical and allied industries. A Honduran native, Maia received a B.S. and M.S. in Chemical Engineering from Manhattan University.

Yann Dumont Vice-president and CEO Reolum

Yann Dumont is the Vice-president and CEO of REOLUM, a company that conceives and develops innovative projects to drive decarbonization and advance the energy transition. From the generation of renewable energy, green hydrogen, and green e-methanol, to CO2 capture, including biomass cogeneration for both electricity and heat, as well as the direct supply of biomass. He also serves as the President of ASEALEN, the Spanish Energy Storage Association. As an Industrial Engineer from ICAM (Lille), with advanced management studies at Georgetown University, he has dedicated his entire career to the renewable sector in companies such as Abengoa, Hidrocantábrico and consultancies where he has been founder and partner. Previously, he held the position of CEO of Wind and Solar at Forestalia.

Kirstin Kettler Global Marketing Director Valenz AG

Kirstin leads the global marketing team at Valenz - the marketing and sales arm for Proman AG who produces methanol in Trinidad and Tobago, the U.S. as well as in Oman. Therefore Valenz/Proman are the second largest methanol supplier globally. Kirstin is originally from Germany and was educated there in international business. She worked for HELM AG for more than 15 years and was responsible for products like DMF, Polymers and Fiberglass. She joined the J/V of HELM Proman Methanol when it was founded in 2018 and has since been located in Switzerland. In addition to managing the conventional methanol portfolio, Kirstin focuses on developing new markets for methanol in the energy sector together with the Proman development team as well as pushing for blockchain solutions to simplify and digitalize the future.

Remko Koster Executive Director, EMEA C4 Olefins Chemical Market Analytics by OPIS

Remko Koster is the Executive Director for C4 olefins and derivatives in Europe, the Middle East and Africa at Chemical Market Analytics.. During his time with the company, he has taken various roles across a broad range of product areas. With over 20 years of experience, Remko is a key resource within the business for understanding and insight into the C4 and derivatives sector of the petrochemical industry. Within the EMEA region, he works closely with the petrochemical, oil and tire industries, bringing support and guidance throughout the petrochemical chain. His current area of focus includes oversight of the ‘Global Tire Type Indices Report’, primary input and insight for the ‘Global C4 Olefins & Elastomers Report’, as well as for the World Butadiene, MTBE, Rubber, and Butylenes analyses. His prior experience includes more than ten years of industrial experience with SABIC, including commercial responsibilities for C4 streams and aromatics and as a global market intelligence leader for polypropylene. Remko joined our company in 2011 as a polyethylene and polypropylene consultant for EMEA, contributing to the ‘Global Plastics & Polymers Report service’ and for World Polyethylene and Polypropylene Analysis. Remko Koster has a Ph.D. in Chemistry from the University of Amsterdam, the Netherlands.

Xiaomeng Ma Director, Asia Methanol Chemical Market Analytics by OPIS

Xiaomeng Ma is the Director of Asia Methanol at Chemical Market Analytics. Xiaomeng is an experienced researcher with a strong track-record working experience in the industrial sectors spanning from petrochemical markets, and specialty chemical industries to energy and fuel industries. Xiaomeng's current focuses are on methanol-related industries. She is skilled in project assessment, building and implementing business strategies, and creating economic models. She has a strong professional background with a Masters in Engineering and a realistic understanding of the opportunities and challenges in the Asia chemical industry.

Mike Nash Vice President, Global Syngas Team Lead | Americas Acetyls Lead Chemical Market Analytics by OPIS

Mike Nash is the Vice President for Syngas Chemicals (including the methanol and acetyls practices) at Chemical Market Analytics. Mike Nash is the vice president of Syngas Chemicals, which includes methanol and acetyls, at Chemical Market Analytics. He works with a global team of regional consultants and overlays their analyses with a worldwide perspective. His responsibilities include the weekly World Methanol Report and monthly World Methanol Analysis, as well as the weekly and monthly Global Acetyls Market Reports and the related World Analyses for methanol, acetyls and formaldehyde. Before joining the IHS Markit base chemicals business (now known as Chemical Market Analytics) in September 2012, Mr. Nash worked for BP’s petrochemicals division for 19 years before a two-year stint in Total’s UK fuels business. He held various commercial roles within BP, including international business management, marketing, project management, and logistics, based in London, Duesseldorf, and Kuala Lumpur. His last role in Total UK was logistics director for specialties. Mr. Nash holds a Master of Arts in English language and literature from the University of Edinburgh and an MBA from Kingston University, both in the United Kingdom.

Mariana Santos Moreira Thought Leadership Director Chemical Market Analytics by OPIS

Mariana is the Thought Leadership Director at Chemical Market Analytics, leveraging the full portfolio of CMA’s chemical markets intelligence into informative and thought-provoking insight pieces pertinent to the whole supply chain. Throughout her chemical market research and analysis career, Mariana served as regional/global SME of a wide breadth of sectors within the chemical industry: Aromatics (Benzene/Styrene and PX/PTA), Chemicals of the Energy Transition (Ammonia, Methanol, Hydrogen), Inorganic Chemicals (Caustic Soda, Bleaching Chemicals, Soda Ash), Polymer Films & Flexible Packaging (inc. Plastics Sustainability taskforces). Mariana started her career at IHS, having rejoined CMA in 2024. Prior to rejoining CMA, Mariana served as Head of Aromatics, Head of Chemicals of the Energy Transition, and Films & Flexible Packaging Lead Analyst, at Wood Mackenzie. Mariana holds an MSc in Chemical Engineering from Instituto Superior Tecnico, University of Lisbon.

Gabriel Sousa Executive Director for Innovation and Technology Development Altri Group

Gabriel Sousa is an experienced executive director for innovation and technological development at Altri, a leading pulp and paper group in Europe. With over 20 years of industry experience, Gabriel has a strong background in project management, strategic advisory, operational excellence, research and innovation, and business development on the Forest, Pulp and Paper Industry. Gabriel is responsible for developing, managing, and implementing the innovation and R&D strategy for Altri's pulp business. He focuses on value-added research, innovation, and process improvement projects, while monitoring new and adjacent business opportunities. Gabriel holds a master's degree in chemical engineering from Porto Engineering University, post-graduation in Pulp Paper Engineering from Univ. Beira Interior and an MBA from Porto Business School

Martin Staley Executive Director, Global Acrylates & OXO Alcohols Chemical Market Analytics by OPIS

Martin Staley is the Executive Director for the Acrylic Acid and OXO Alcohol value chains at Chemical Market Analytics. Martin Staley joined Chemical Market Analytics in March 2022 and served as the Research and Analysis Director for the Acrylic Acid and OXO Alcohol value chains, which include Acrylic Acid, the acrylate esters, Butyl acrylate, 2-EH Acrylate, Methyl Acrylate and Ethyl Acrylate and Super Absorbent Polymers (SAP). The closely related chemical, methyl methacrylate (MMA), is also under Martin’s purview, as are the downstream OXO plasticizer derivatives. These chemicals are covered in the Market Advisory Service reports, published monthly, and the World Analysis reports, published annually. Martin has over 30 years of experience in the chemical industry, including 14 years as Regional Vice President at Third Coast International. Third Coast is a leading chemical service provider with operations in the Houston area and historic joint ventures in Singapore and Qatar. The company is a leading producer of automotive brake fluid, a marketer of propylene glycol, and a leading contract manufacturer. Before Third Coast, Martin spent 17 years in a variety of roles at LyondellBasell, with a focus on the Propylene Oxide and derivatives business, including PO-based glycol ethers, glycols, 1,4-Butanediol and derivatives, and C4 specialties. He also held the Chair of the Glycol Ether sector for the Oxygenated Solvent Producers Association (OSPA), an industry trade body under C.E.F.I.C., helping prepare the industry for the introduction of REACH. Martin started his chemical industry career in the United Kingdom with what is now Univar. Martin holds a BSc. Hons. Degree in Biology with subsidiary subjects of Biochemistry and Biotechnology from Portsmouth University.

Matthew Thoelke Vice President, EMEA Olefins Chemical Market Analytics by OPIS

Matthew Thoelke is the Vice President for Olefins and Derivatives in Europe, the Middle East, and Africa at Chemical Market Analytics. Matthew Thoelke is the vice president of the olefins and derivatives team in Europe, the Middle East, and Africa at Chemical Market Analytics. During his time with the company, he has taken a wide variety of roles across a broad range of product areas. With over 25 years of experience, Matthew is a key resource within the business for understanding and insight into the olefins sector of the petrochemical industry. Within the EMEA region, he works closely with the petrochemical, oil and financial industries, bringing support and guidance throughout the petrochemical chain. His current area of focus includes oversight of the ‘Europe and the Middle East Olefins Report’ and primary input and insight for the ‘World Ethylene and Propylene Analyses.’ His prior experience includes coverage of butadiene and elastomers, for which he remains a globally recognized industry speaker and expert. Whilst in this role, Mathew was responsible for the ‘Global Outlook — Feedstocks, Elastomers Report’ and the ‘World Butadiene Analysis’ and took the lead role in analyzing olefin and derivative markets in support of the long-term planning outlooks in the World Analysis. Mr. Thoelke has both a Bachelor of Arts and a Master of Arts in Materials Science from Cambridge University, as well as a Diploma in Manufacturing Engineering (ACDMM).

Thibaud Vincendon Commercial Director Methanol Reformer

Thibaud Vincendon is the Commercial Director of Methanol Reformer and one of the leading experts in green hydrogen in Europe. He has over 16 years of experience in the energy sector, particularly in green energy (Liquefied Natural Gas, green hydrogen). Thibaud is a member of the Spanish Hydrogen Association (AeH2) and has worked as an energy and green hydrogen expert for several companies, both in and outside Spain, including Hydrogen Refueling Solutions, H2B2, and AGERE. Additionally, he is an alumnus and board member of the Energy and Environment Club at Esade (Spain) and the IÉSEG for Change Club at IÉSEG School of Management (France). He is also responsible for supervising master's theses at the University of Burgos and the University of Barcelona. His areas of expertise include:
  • The development of green hydrogen in Europe, both in the industrial sector and urban mobility
  • The cost of green hydrogen: How to achieve economies of scale
  • The distribution of green hydrogen
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