06 December 2013 05:04 [Source: ICIS news]
SINGAPORE (ICIS)--Oman Methanol (OMC) has declared a force majeure (FM) on methanol supply from its Sohar-based 1.05m tonne/year methanol unit late on Thursday following an unplanned shutdown of the unit, according to a letter sent to its customers.
The plant was shut down on 19 November because of technical problems in the reformer unit, the letter said.
While it initially appeared that the shutdown would have a limited impact, subsequently independent expeerts confirmed that restart would only be possible in early 2014, the letter added.
Much buying activity had been registered in methanol this week, and prices have risen because of the snug supply.
The 1.05m tonne/year methanol unit is operated by Methanol Holdings (Trinidad), Omar Zawawi Establishment, and Germany’s MAN Ferrostaal, holding a 50%, 30% and 20% stake respectively.
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