Methanex to decide on moving 2nd methanol plant to US in Q2

19 September 2012 22:39  [Source: ICIS news]

HOUSTON (ICIS)--Methanex should decide by the second quarter of next year on whether it will move a second methanol plant from Chile to the US, an executive said on Wednesday.

Tim Williams made his comments on the sidelines of the World Shale Oil and Gas Conference, held by The CWC Group.

Williams is Methanex's vice president, upstream and feedstock acquisition.

Methanex already plans to disassemble a 1m tonne/year idled methanol plant at its Cabo Negro complex in Chile and to move the facility to Louisiana to capitalise on low US natural gas prices.

Methanex has four methanol plants at Cabo Negro.

Methanex is operating only one of the four plants in Chile because of natural gas supply problems.

By: Al Greenwood
+1 713 525 2645

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