Canada's Methanex to start Egypt methanol, first shipment expected Q1

21 January 2011 14:55  [Source: ICIS news]

EMethanex methanol product tanks in DamiettaLONDON (ICIS)--Canadian producer Methanex expects to ship methanol from its new EMethanex plant in Damietta, Egypt, before the end of the first quarter (Q1), a company source said on Friday.

The 1.3m tonne/year plant, which was originally slated for commercial production in early 2010, was finally started this week after a series of delays.

“We are expecting to load ships – at least one – in Q1, assuming there are no further setbacks,” said the source.

Other market sources played down the impact the plant would have in Q1, saying they did not expect to see significant volumes before Q2.

“It takes time to accumulate stocks. It can take months,” said a trader.

The Methanex source said plans were still on track to restart its 470,000 tonne/year plant in Medicine Hat, Alberta, Canada, in April this year. The facility has been offl ine since 2002.

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By: Ross Yeo
+44 208 652 3214

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