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DME and ADX will work closely to develop and introduce new financial products that will resonate with a diverse investor base," added Sharaf.
Oberon's DME offers that power without the need for the cryogenics or high compression associated with other diesel alternatives.
The TAM trading mechanism can be traded on a daily basis for the front three months of the DME Oman crude oil contract.
A daily Oman OSP settlement price is published by DME for the Oman Crude Oil Futures Contract at 16.
The exchange saw a record volume of DME Oman Crude Oil Futures contracts traded in February, equivalent to around 108 million barrels.
McCandless said "I am not surprised that KOGAS would spend over $330 million to build a DME plant of this size, as we have been working with KIER (Korean Institute for Energy Research) for several years and we know they see a bright future for DME.
0] decreases upon the increase of DME mass fraction.
The contracts will provide traders on the DME with the essential tools for effecting a commonly traded over-the-counter transaction, the spread between sweet and sour crude oil benchmarks.
A"When the contracts are launched, traders will have the essential tools for making a commonly traded over-the-counter transaction, the spread between two sweet and sour crude oil benchmarks, on DME Direct,A" said King.
This interchangeability will enable DME to be employed as a pipeline fuel alone, as a NG/DME mixture or as an LNG or high-Btu "adjustment gas.
JGC is in charge of the construction of this new production plant, and Mitsubishi Gas Chemical will be delegated to plant operation of DME production.
Orion Pharma has been signed up as one of the first customers for the new DME (drug metabolism enzyme) test from Jurilab Ltd.
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