UpdateMethanex restarts idled NZ plant

09 October 2008 04:24  [Source: ICIS news]

(adds further details, comments from Methanex executive)

 

SINGAPORE (ICIS news)--Methanex announced on Thursday that it had successfully restarted one of its two 900,000 tonne/year methanol plants in Motunui, New Zealand, after over four years of non-operation.

 

The first commercial output was achieved on 3 October, the company said.

 

The company had earlier signed a new gas contract that allows Methanex to run one 900,000 tonne/yr plant for 2 years.

 

The two methanol plants at the Motunui site were shut down in 2004 due high feedstock prices and low margins.

 

“The re-commissioning of the plant took many months to complete but we are looking forward to producing methanol at the site until at least the end of 2009,” said Methanex managing director Harvey Weake.

 

Methanex has another 500,000tonne/year facility in the Waitara Valley that it plans to idle in the coming weeks.

 

The Waitara facility and the other 900,000tonne/year Motunui unit remain flexible assets and can be restarted if additional gas is secured, the company said.

 

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By: Heng Hui
+65 6780 4359



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