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.
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