03 September 2008 05:26 [Source: ICIS news]
SINGAPORE (ICIS news)--Methanex is restarting its 900,000 tonne/year methanol plant in Motonui, New Zealand, after four years of non-operation after additional feedstock gas had been secured, a company official said on Wednesday.
Methanex has signed a new gas contract that allows it to run one of the two idled plants for two years, said company public affairs manager Zaneta Ewashko.
“It’s in our plans to produce methanol by end of September,” she added.
Another company source said Methanex will continue running its 500,000 tonne/year ?xml:namespace>
The Waitara unit remains a flexible asset and can be restarted if additional gas is secured, the source added.
The two methanol plants at the Motonui site were shut down in 2004 due high feedstock prices and low margins. The other unit with the same 900,000 tonne/year capacity will remain idle.
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