Remove Legal Remove Oil Prices Remove South America
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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

Green Car Congress

Smaller amounts of China’s methanol supply are imported from the Middle East, Southeast Asia, South America, and the United States. MTG units involve high capital costs and are only cost-competitive when oil prices are high. However, concerns over groundwater contamination led an increasing number of states to ban it.

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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil.