22 February 2011 12:00 [Source: ICIS news]
LONDON (ICIS)--State-owned oil company National Oil Corp (NOC) of Libya has stopped methanol production at its plant at Marsa El Brega due to safety fears amid political unrest in the north African country, according to a source with Chempetrol.
The source said production was believed to have been stopped on 21 February and that methanol was being put into storage for security.
The plant would probably not restart until the unrest is over, the Chempetrol source said.
The source added that the plant, which has an annual output of about 680,000 tonnes/year, was recently running at 70-80% of capacity.
The source said that it was unclear at this point what impact the closure would have on methanol supply, as it depended on how long the unrest continues.
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