20 May 2011 06:03 [Source: ICIS news]
SINGAPORE (ICIS)--Methanex is pursuing opportunities to obtain natural gas so it can restart a second 850,000 tonne/year plant in New Zealand, said a source from the Canada-based producer on Friday.
Methanex has an 850,000 tonne/year methanol plant at the same site, which is operating at nearly full rates, according to the source.
Its natural gas contracts allow the firm to continue operating the first methanol plant at Motunui on North Island through 2011 and 2012, the company official said.
The firm has a total of 1.38m tonnes/year of idled capacity in New Zealand comprising the second 850,000 tonne/year plant and a 530,000 tonne/year unit in Waitara Valley, according to the company.
These facilities give Methanex the potential to increase its production in New Zealand depending on methanol supply, demand dynamics and the availability of economically priced natural gas feedstock, the official said.
Meanwhile, the firm is running at its 1.3m tonne/year EMethanex methanol facility at Damietta in Egypt at high rates, the official said.
Methanol can be found in everything from windshield washer fluid to plywood floors to paint and acetic acid.
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