Methanex able to run NZ methanol unit in '11 after gas supply deals

09 November 2010 04:03  [Source: ICIS news]

SINGAPORE (ICIS)--Methanex will be able to maintain operations at its 900,000 tonne/year methanol facility at Motonui in New Zealand up to the end of 2011 after it secured gas supply contracts with a number of producers, a company source said on Tuesday.

These contracts had options for further gas supply in 2012, the source said.

However, the firm's other 900,000 tonne/year methanol unit at Motunui and a 500,000 tonne/year methanol facility at Waitara - also in New Zealand - remain idle due to shortage of gas feedstock.

The source said the company was considering the possibility of restarting the second 900,000 tonne/year plant provided more gas supplies were secured.

Methanol goes in making of formaldehyde, methyl tertiary butyl ether (MTBE), methylamines, mono methacrylate (MMA), acetic acid and as solvents in chemical industries.

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By: Heng Hui
+65 6780 4359

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