Methanol gasoline blending to rise in China-Nomura

Newswire

* Car sales forecast to grow 31 pct in 2010, 16 pct 2011 * Methanol use for gasoline up 56 pct in 2009 -Nomura By Zaida Espana LONDON, Nov 26 (Reuters) - Strong passenger vehicle sales in China forecast for 2010 and 2011 will contribute to an increase in the use of methanol for blending into gasoline, Nomura said on Friday. The top Japanese investment bank said while car sales increased by 48 percent in China in 2009, gasoline demand rose by 5.7 percent. While the difference can be ...

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