Methanex will shut Atlas methanol plant in September

24 June 2011 15:51  [Source: ICIS news]

LONDON (ICIS)--Canadian producer Methanex will shut its 1.7m tonne/year Atlas methanol plant in Point Lisas, Trinidad, for one month in September, a company source said on Friday.

Atlas is one of the largest methanol plants in the world but despite the significant loss of volumes market sources do not expect the closure to have a significant effect on supplies or prices.

This is partly because the turnaround is planned long in advance and partly because the global methanol market is well supplied, with fears of sluggish demand in the third quarter.

Atlas is a joint venture between Methanex (63.1%) and BP Trinidad and Tobago (36.9%).

By: Ross Yeo
+44 208 652 3214

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