05 July 2012 14:12 [Source: ICIS news]
TORONTO (ICIS)--Methanex has completed the restart of a second methanol plant in New Zealand and may restart a third idled unit there as the country’s natural gas supplies have improved, the Vancouver-based producer said on Thursday.
With the restart of the 650,000 tonne/year methanol plant, Methanex's production capacity at its Motunui site in ?xml:namespace>
Methanex restarted the first Motunui plant in 2008. The capacities had been shut down in 2004 because of high feedstock costs and low margins.
“The [restarted] plant adds a competitive new supply source for our customers in the fast-growing Asian markets and is expected to generate strong returns for shareholders," said CEO Bruce Aitken.
"With the improved natural gas supply position that has developed in
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