WMC 2024 – Day 1

14 – 16 October 2025 · Lisbon, Portugal

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Session Details

WMC 2024 – Day 1

Wednesday, October 23
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Session 1: Old World – Strategic & Business Issues

This session analyzes the global economic outlook, as well as the energy landscape and what that means for the global methanol industry. The conference theme will also be explored, giving an explanation behind the two methanol worlds—grey and low carbon—and drawing a picture of the outlook for both worlds. Session One provides answers to the following key questions (among many others):

  • What will energy prices mean for methanol economics and demand?
  • How will methanol demand growth be influenced by the global economy and geopolitics?
  • How will the two worlds of methanol evolve?
  • Will we see separate pricing mechanisms for grey and low-carbon methanol?
Mike Nash, Vice President, Syngas Chemicals, Chemical Market Analytics by OPIS 
Matthew Thoelke, Vice President, Olefins, Europe, Middle East & Africa Chemical Market Analytics by OPIS  

The importance of economic growth on petrochemical demand can not be overstated whilst the cost dynamics that methanol and the chemical industries experience leave the industry inextricably tied to the fortunes of both the consumer and energy industry. The presentation will review the global developments and drivers in the economy and energy markets and pick out key trends that could shape the future landscape of the methanol industry. 

Mike Nash, Vice President, Syngas Chemicals, Chemical Market Analytics by OPIS  

The incremental ton of methanol is produced from coal in mainland China. The very high prices for imported coal over the last few years have set a floor price for methanol. How has the mainland China coal market performed over the last two years and what have been the key drivers? And what is the outlook and how will this impact the methanol market? .

Mike Nash, Vice President, Syngas Chemicals, Chemical Market Analytics by OPIS  
In the short-term, the grey methanol market looks oversupplied. Methanol demand growth is slowing down, with more reliance on traditional chemical derivatives and bunker fuel and less on MTO and conventional fuels applications. The demand for low-carbon methanol in all of its colours is increasing, but will there be enough low-carbon methanol to satisfy demand, where will these new units be built and how will they compete economically against world-scale methanol units?
Carl Roache, Director, Chemical Market Analytics by OPIS
Ammonia is another option for companies looking to monetize natural gas and can be co-produced with methanol. This presentation looks at the low-carbon ammonia legislative environment, supply side developments and new use applications that are emerging. It also analyzes the role that ammonia could play as a marine bunker fuel.
Moderator: Andrei Akzhigitov, Director, Methanol, Chemical Market Analytics by OPIS
Make new connections or join familiar faces during this dedicated break. Sessions to resume at 1040.

Session 2: Old World – Regional Methanol Focus

The Chemical Market Analytics regional consultants will highlight the different characteristics and outlooks for the major methanol regions, covering geopolitical impacts, production, new projects for both grey and green methanol, demand by major derivatives and inter-regional trade. The following key questions will be discussed and answered during this key conversation:

  • Where will we see new grey and green capacity being developed and why?
  • How will this influence methanol trade flows?
  • How competitive are olefins produced via methanol? What is the outlook for Methanol to Olefins?
  • Will more MTO units be built?
  • Will West Europe remain a major importer of methanol?
  • Will the Middle East continue to act as the world’s swing producer?
Xiaomeng Ma, Director, Methanol, Chemical Market Analytics by OPIS

Asia is the world’s largest methanol producer, consumer and importer. Current methanol feedstocks are almost exclusively fossil fuel-based in Asia. Methanol plays an important role in energy transition and sustainability development. As growth into MTO and conventional fuels applications declines, future demand will be driven more by traditional chemical derivatives. The industry is beginning its decarbonization journey, with new technologies and feedstocks and some consumers looking to purchase green, not grey methanol. This speech will discuss the anticipated evolution of the Asian methanol industry, the implications for pricing, supply-demand, trade, and the types of companies participating in the market.

Andrei Akzhigitov, Director, Methanol, Chemical Market Analytics by OPIS

At the heart of Europe’s dynamic energy sector, grey methanol production, derived from fossil resources, stands at a crossroads between traditional industrial practices and the increasingly urgent need for sustainability. This presentation aims to offer a thorough analysis of the challenges and opportunities confronting the methanol industry in Europe. We will explore how these challenges are influencing the future of methanol production across the continent.

Javier Ortiz, Director, Methanol, Chemical Market Analytics by OPIS

The Americas’ methanol market will see another large increase in capacity this year, but global economic headwinds and a lack of new applications will make it challenging for demand to absorb incremental production over the next few years. This session will review how the regional industry is expected to overcome these challenges in the near term while also looking to develop its role in a world demanding options to reduce it’s carbon footprint.

Andrei Akzhigitov, Director, Methanol, Chemical Market Analytics by OPIS

The Middle East is a significant grey methanol production hub, targeting exports to Europe, India and China due to its natural gas resources and low regional demand. Despite low production costs, challenges like sanctions, logistical hurdles, and the push for green alternatives complicate the forecast. This presentation will examine grey methanol’s complex role in the Middle East, analyzing its impact on sustainability and exploring its potential evolution.

Moderator: Mike Nash, Vice President, Syngas Chemicals, Chemical Market Analytics by OPIS 

Session 3: Old World – Derivative Focus

Some of the main chemical derivatives markets will be explored in more detail, highlighting where new capacity is likely to be built, growth prospects, demand drivers, and the impact of the chemical industry’s journey to decarbonize. In this session, attendees will learn key market intelligence surrounding the following:

  • Is there a danger that new formaldehyde exposure restrictions will decrease its demand?
  • How are acetylated wood and the solar industry driving growth in the Acetyls industry?
  • Why has the MMA market had such a rollercoaster ride?
Lars Axelsen, General Manager, Licensing & Projects, Technology Centre, Dynea

In this update, we delve into the forecasted Formaldehyde volume including it’s derivatives, with a special focus on sustainability and the growing demand for Green Formaldehyde. Technology plays an important role in meeting future needs while ensuring safe and sustainable operations.

Ida Rask Konsgaard, Commercial Lead, AGAIN

The global acetyls industry is growing at a healthy pace, yet there are challenges with governments, consumers, and industries pushing for safer, more sustainable solutions. This presentation will give insights regarding the current state of the acetyls industry in light of this transition to a greener future including the technology & process, sustainability considerations, road to commercialization and cooperation and distribution with HELM.

Matthew Thoelke, Vice President, Olefins, Europe, Middle East & Africa Chemical Market Analytics by OPIS

MTO remains a relatively high-cost manufacturing route to olefins. In the medium term, the global ethylene and propylene markets are oversupplied, putting pressure on MTO operating rates and economics. This presentation will analyze what is driving growth for ethylene and propylene when operating rates are expected to return to more typical levels, and what role MTO producers are likely to play in these olefins markets.

Moderator: Javier Ortiz, Director, Methanol, Chemical Market Analytics by OPIS 
Make new connections or join familiar faces during this dedicated break. Sessions to resume at 1530.

Session 4: Old World – Fuel Uses for Methanol

The outlook for methanol demand into the main fuel markets will be analyzed. This will include the likely influence of legislation and the impact of energy transition at the national and corporate levels. Join us as the answers to the questions posed below and many more are addressed in this “can’t miss” session:

  • When will demand for methanol as a gasoline blendstock and for MTBE peak and what does their subsequent decline look like?
  • Does M100 really have realistic growth potential in China?
  • Will the sustainability agenda mean that no more coal-based units will be built in China?
  • Does the biodiesel industry rely on government blending mandates for its growth?
Kjeld Aabo, Senior Advisor – Maritime Transport, Methanol Institute

In its ‘new’ role as a fuel, Methanol ticks all the boxes for the maritime industry energy transition. We have seen some of the world’s biggest shipping companies adopt methanol as a fuel to reduce their carbon emissions. The tightening regulatory environment in the global shipping industry will support faster adoption of methanol by progressively making fossil fuels uncompetitive compared to conventional and renewable alternatives.

Per Koustrup, Co-founder and Biofuel Trader, Nordic Green 

Abstract Coming Soon.

Mike Nash, Vice President, Syngas Chemicals, Chemical Market Analytics by OPIS 

There are various production routes to MTBE. MTBE competes with other gasoline blend components; demand for MTBE depends on gasoline specifications and regulation changes. Gasoline itself competes with other fuels and power sources. Given the transition to electric vehicles and the improvement in vehicle fuel efficiency standards, what is the short-term and longer-term outlook for MTBE and what are the implications for methanol demand?     

Moderator: Xiaomeng Ma, Director, Methanol, Chemical Market Analytics by OPIS 
Mike Nash, Vice President, Syngas Chemicals, Chemical Market Analytics by OPIS 

Kjeld Aabo Senior Advisor, Maritime Transport Methanol Institute

Kjeld Aabo holds a degree in mechanical engineering and a special diploma in marketing. Today Kjeld is independent Advisor and have since Aug. 2023 been working for Methanol Institute for technical marine application of Methanol and is connected to MIs office in Brussels. He joined MAN-ES in 1983 and retired in 2023. Kjeld has been manager and senior manager of different technical departments as the Engineering Services Department and the Research Centre Department. From 2011 to 2014, Kjeld Aabo took over a position in Brazil as head of MAN Marine and Offshore division and returned as Director for development in technical promotion department. Primary technical topics Kjeld has worked with in his 40 years of work that MAN-ES is new fuels, lube oil, exhaust gas emissions. Kjeld was Chairman of the CIMAC Heavy Fuel Working Group (WG), and member of the ISO 8217 Heavy Fuel Oil Working Group for 3 decades.

Lars Axelsen General Manager Licensing & Projects Dynea

Lars R Axelsen began his career as a Process Engineer before moving to a role as a Sales Engineer for Selzer Chemtech in Switzerland. Following this he held a position as Manager for the Technology Centre Europe Dyno ASA leading process development and cap-ex projects. Since then, he has moved to Dynea, first serving as the Group Vice President for process technology and then moving to his current role as the General Manager for Licensing & Projects. Lars Holds an MSc in Chemical Engineering from Norwegian University of Science and Technology and is fluent in Norwegian, English, German and Dutch.

Andrei Akzhigitov Director, EMEA Methanol Chemical Market Analytics by OPIS

Andrei Akzhigitov is the Director of the Mathanol at Chemical Market Analytics. Andrei Akzhigitov is the EMEA Methanol consultant 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 Akzhigitov 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. Mr. Akzhigitov 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.

Ida Rask Kongsgaard Commercial Lead Again

Ida Rask Kongsgaard has extensive experience within scaling innovative sustainable energy and low carbon industrial technologies. With a background spanning from Ørsted’s power-to-X team and McKinsey’s sustainability practice, she brings market expertise decarbonizing hard-to-abate industrial value chains within low carbon hydrogen and CCUS technologies. Currently serving as the commercial lead at Again, Ida is dedicated to developing the market for bio-based cleantech technologies and has been leading the commercialization journey of Again’s technology. Ida holds a degree in International Business from Copenhagen Business School and in Environmental Science and Climate Change from London School of Economics.

Per Koustrup Co-founder and Biofuel Trader Nordic Green

Per Koustrup is Co-founder and Biofuel Trader at Nordic Green. He holds a Cand. Merc in International Business and has close to 20 years of experience with hydrogen, fuel cells, methanol, ethanol, RME, HVO and fossil energy - especially gasoline and diesel. He has extensive experience from Circle K where he was responsible for pricing of the gasoline-pool in the Danish market before being promoted to being responsible for pricing of the diesel-pool. He represented the company in the branch-organization for biofuels for transport and gas for transport as well as national television. He has a keen interest in alcohols based on waste- & residue combined with hydrogen from electrolysis, the so-called hybrid bio- & electro-alcohols. He wishes to be seen as a trusted partner is Advanced biofuels bringing benefit for producers as well as buyers/customers. Per is located in London with his wife and child. 

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

Mr. Mike Nash is the Vice President for Syngas Chemicals (including the methanol and acetyls practices) at Chemical Market Analytics. He works with a global team of regional consultants and overlays their analyses with a global perspective. His responsibilities include the weekly World Methanol Report and monthly World Methanol Analysis, including 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 preceding a two-year stint in Total's UK fuels business. He performed various commercial roles within BP, in international business management, marketing, project management, and logistics, based in London, Duesseldorf, and Kuala Lumpur. His last role in the Total UK was the Logistics Director for Specialties. Mr. Nash holds a Master of Arts in English Language and Literature from Edinburgh University, UK, and a Master of Business Administration from Kingston University, UK.

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 Ma'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.

Javier Ortiz Executive Director, Global Engineering Resins Chemical Market Analytics by OPIS

Javier Ortiz is the Executive Director of the Engineering Resins market at Chemical Market Analytics. Javier Ortiz is the global lead for the Global Engineering Resins service at Chemical Market Analytics, with product coverage responsibilities in North and South America for ABS and polycarbonate. Prior to his current position, Mr. Ortiz led methanol market coverage in the Americas for Chemical Market Analytics from 2019 to 2024. He began his consulting career at CMAI (Chemical Market Associates, Inc.) in 2007 as a research analyst for the North and South American synthetic fibers market, primarily focusing on the polyester and nylon supply chains. He was subsequently appointed global leader of CMAI’s senior research analyst group while taking over consulting coverage of the nylon raw materials markets in the Americas. Before joining the IHS Markit base chemicals business (now known as Chemical Market Analytics) Methanol team, Mr. Ortiz was part of its Plastics group for nearly a decade, where he led coverage of the Latin American polyolefins market, directed the QuiMax Latin American consulting service, and was also responsible for polystyrene market research in the Americas. He holds a degree in industrial engineering and a minor in business administration from Texas A&M University, US.

Carl Roache Director, Ammonia and Urea Chemical Market Analytics by OPIS

Carl Roache is the Executive Director of Ammonia and Urea at Chemical Market Analytics. Carl Roache is the market director of ammonia and urea at Chemical Market Analytics (CMA). He joined the company in 2024 and leads analysis and pricing globally from London, UK. Before joining CMA, Mr. Roache was EuroChem’s global business development manager for NPK fertilizers, based in Dubai, UAE. From here, he coordinated global NP/NPK sales from the company’s 1.2mn t/yr Antwerp plant. Before this, he was EuroChem’s Asia NPK business development lead, based in Singapore, where he developed and executed an NPK growth strategy, widening commercial territory and facilitating increased sales. Mr Roache has also worked for price reporting agencies within the fertilizer sector in the UK and Asia, including spells as global nitrogen and potash lead (ICIS) and Europe and Asia regional editorships (Argus Media). He has completed executive strategy, financial analysis, and management training, as well as a first-class honors degree in American and English History from the University of East Anglia, UK. Mr Roache is an NCTJ/NCE qualified newspaper journalist, starting his career with Northcliffe Media group in the UK.

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 Master of Arts in Material Sciences from Cambridge University, as well as a Diploma in Manufacturing Engineering (ACDMM).
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