Venezuela methanol unit down for a week to install new saturator

04 April 2013 22:39  [Source: ICIS news]

HOUSTON (ICIS)--A Metor methanol plant in Venezuela will shut down on Friday to install a new saturator, a source close to the plant said on Thursday.

The 750,000 tonne/year plant in Jose will restart on 11 April, the source said.

Metor’s second plant there, an 850,000 tonne/year unit, continues to operate at full capacity, the source said.

Other sources said the second plant will go down for maintenance after the saturator installation on the first plant is finished, and that the entire maintenance schedule will last 30-60 days.

Methanol sources said the Venezuela maintenance work was expected.

US methanol spot barge prices on Thursday rose to 138 cents/gal, marking an increase of 4 cents/gal this week.

Besides the work in Venezuela, another cause for the rise in spot prices could be upcoming natural gas curtailments in Trinidad.

Also, there was speculation of a short outage at Methanex’s 900,000 tonne/year Titan plant at the Point Lisas complex in Trinidad.

Calls to Methanex in Trinidad and to the company’s headquarters in Vancouver, British Columbia, were not returned immediately.

($1 = €0.78)

By: Lane Kelley
+1 713 525 2653

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