03 August 2010 18:01 [Source: ICIS news]
HOUSTON (ICIS news)--Methanex's new Egypt methanol plant, which is scheduled to start up later this year, should boost profits for the company and cut its global operating costs, an analyst said on Tuesday.
The report by Dahlman Rose & Co. in ?xml:namespace>
"We expect these temporary issues to work themselves out over the next two quarters and expect robust earnings growth for [fiscal year 2011]," said Charles Neivert and Ahmed Alamin at Dahlman Rose.
The 45-day shutdown of the 1.7m tonne/year Atlas plant in
Methanex's 1.3m tonne/year
The company said in June the
Dahlman Rose said the plant was expected to begin production in the fourth quarter "and ship a small amount of product before year-end."
($1 = €0.76)
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