Methanex to start up Egypt methanol plant in Q3 2010

14 June 2010 04:32  [Source: ICIS news]

Methanex President and CEO Bruce AitkenSINGAPORE (ICIS news)--Methanex could start up its new 1.3m tonne/year methanol facility at Damietta in Egypt in the third quarter of 2010, a company source said on Monday.

“Certainly it is getting close though we have no definite date,” the source said, adding that construction work on the facility was on schedule.

The plant is a joint venture with Methanex holding 60% shares, Egyptian Petrochemical Holding Company (Echem) owning 12%, Egyptian Natural Gas Holding Company (EGAS) holding 12%, Egyptian National Gas Company (GASCO) owning 9% and Arab Petroleum Investments Corp (APICORP) holding the remaining 7% shares.

Methanex plans to build a dimethyl ether (DME) facility adjacent to the methanol plant.

The new plant would have a production capacity of 200,000 tonnes/year of DME and would consume approximately 300,000 tonnes/year of methanol.

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By: Heng Hui
+65 6780 4359

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