07 November 2012 18:37 [Source: ICIS news]
HOUSTON (ICIS)--Methanex’s 1.8m tonne/year Atlas methanol plant in Trinidad and Tobago has been restarted, industry sources said on Wednesday.
The Canada-based producer's chief executive, Bruce Aitken, said in a conference call in late October that the plant would restart in early November. The company did not return calls seeking more information.
Trinidad's energy ministry said then that the shortfall in the country's natural gas supply required "coordinated maintenance" by Canada-based Methanex and other producers because of work being done on two offshore natural gas platforms.
According to data from Trinidad’s Ministry of Energy and Energy Affairs, the Atlas plant’s production has declined by 7% in the first nine months this year compared with the same period of 2011.
The Atlas plant produced 1.023m tonnes of methanol in the first nine months this year, compared with 1.102m tonnes in the first nine months of 2011, according to the government office.
US methanol spot barge prices remained stable on Wednesday, at 128-129 cents/gal, sources said.
($1 = €0.78)
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