18 February 2005 19:25 [Source: ICIS news]
Aitken told an investor conference here: “If we are successful with this project it could start up in 2008.”
Responding to analysts’ questions, Aiken added the unit would have a capacity of about 1.3m tonne/year.
Aitken said that from experience with a larger 1.7m tonne/year unit in
Aitken added that Methanex would like to develop
He noted that
Aitken did not disclose the price of gas Methanex will have to pay in
Aitken said that Methanex has been working on the
He said Methanex expects to spend some $20m (Euro15.4m) on the project this year and $75m in 2006.
Aitken remarked that there are many barriers to developing a viable methanol project, such as guaranteeing a cheap gas price, good shipping, access to customers, and low capital cost. Also, Methanex found that the low US dollar has made construction much more expensive today, he added.
Vancouver, British Columbia-based Methanex had previously declined to disclose precise capacities and start-up timelines for the
Aitken addressed analysts and investors at the annual CIBC World Markets Institutional Conference in Whistler,
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