Canada’s Methanex faces gas supply issues at Egypt methanol plant

25 October 2012 08:13  [Source: ICIS news]

SINGAPORE (ICIS)--Methanex continues to experience constraints for periodic natural gas supply at its 1.3m tonne/year methanol facility at Damietta in Egypt, the Vancouver-based company said in a press statement released on Thursday.

“It is running, but I don’t know the exact operating rates,” a company source said.

A similar issue occurred at the plant previously and the situation persisted in the fourth quarter of 2012, because of increased seasonal electricity demand and operating issues with the upstream gas infrastructure, according to Methanex.

Meanwhile, its two methanol plants with a combined production capacity of 1.5 m tonne/year at Motunui in the North Island of New Zealand are operating at high rates, the producer said.

Methanex is currently assessing the feasibility of debottlenecking the plants at the Motunui site, which will add another 200,000 tonnes/year to its output.

The company is also waiting to finalise the agreements for natural gas supply before proceeding to restart its 530,000 tonne/year Waitara plant at the end of 2013.

Methanol can be found in many products ranging from windshield washer fluid, plywood floors to paint and acetic acid.

By: Heng Hui
+65 6780 4359

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