22 November 2010 17:42 [Source: ICIS news]
HOUSTON (ICIS)--Methanol Holdings (Trinidad) Limited (MHTL) has begun the restart of its M5000 methanol unit in Trinidad following a six-week turnaround, a market source said on Monday.
Maintenance on the 1.9m tonne/year unit began on 9 October.
Southern Chemical Corp (SCC) is the North American marketer for MHTL, which is the operator of the M5000 plant and four others in Point Lisas in Trinidad that give it a total capacity of 4m tonnes/year.
A source at SCC would not comment on the turnaround. But a market source said the restart process began over the weekend and "should be up anytime now".
Spot methanol prices in the US Gulf began the week unchanged, at 116–118 cents/gal, according to market participants.
December contract nominations could be announced this week. Sources last week said they expected a rollover from the November contract at 129–133 cents/gal.
($1 = €0.73)
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