Canada’s Methanex still facing gas issues at Egypt methanol unit

01 February 2013 04:04  [Source: ICIS news]

SINGAPORE (ICIS)--Canada’s Methanex continues to experience natural gas supply constraints at its 1.3m tonne/year methanol facility at Damietta in Egypt, a company source said late on Thursday.

The company source declined to comment on further details.

The Vancouver-based company said in a press release on its website this week that the natural gas supply restrictions may persist. The restrictions were a result of increased electricity demand and ongoing operating issues with the upstream gas infrastructure, which started in the third quarter of 2012.

Meanwhile, its two methanol plants with a combined production capacity of 1.5m tonnes/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 Motunui, 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.

By: Heng Hui
+65 6780 4359

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