07 July 2003 00:00 [Source: ICB]Methanex hopes to receive board approval later this month for its revised plans for a $500m 1.3m tonne/year methanol plant on the Burrup Peninsula, Western Australia.
Bruce Aitken, senior vice president for Asia-Pacific, said he hopes to finalise study reports shortly for presentation to board members on 24 July.
Aitken told ECN's sister online service CNI:'We're close to making a commitment. The scale, the cost, the construction and the gas supply agreement - everything is coming together.'
Siteworks will start towards the end of this year, with construction following. The project is set for completion by late 2005.
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