Venezuela's Metor 1 methanol unit down for two-month maintenance

09 August 2013 19:49  [Source: ICIS news]

HOUSTON (ICIS)--One of Metor’s methanol units in Venezuela has been down since early July for planned maintenance and the work is expected to continue until early September, a source close to the plant said on Friday.

The Metor 1 unit, with a capacity of 750,000 tonnes/year, went down on 6 July and should be back up and running on 6 September, the source said.

The second Metor unit, with a capacity of 850,000 tonnes/year, continues to run at normal rates, the source said.

The plants are owned by a joint venture between Mitsubishi Gas Chemical, Mitsubishi and Venezuela's state-controlled petrochemical producer, Pequiven.

US methanol spot barge prices on Friday held steady at 139.50-140 cents/gal, sources said, which is within the range of the past week.

By: Lane Kelley
+1 713 525 2653

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