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Methanex restarts Chile IV methanol plant

18
Oct ’18

Methanex restarts Chile IV methanol plant
Methanex Corporation has successfully restarted and produced first methanol from its 0.8 million tonne Chile IV plant that has been idle since 2007. In addition, the Argentine Government recently granted permits to allow for the export of natural gas from Argentina to Chile and Methanex has begun to receive natural gas from Argentine suppliers.

“We are thrilled to announce the successful restart of our Chile IV plant. Our team in Chile did an outstanding job in completing this project with excellent safety performance and the project was completed on schedule and on budget. We are also extremely pleased to begin receiving natural gas from Argentina once again and we are optimistic that in the long-term we can secure sufficient gas without seasonal restrictions to underpin a continuous two-plant operation,” said John Floren, president and CEO of Methanex on its website.

Methanex is a Vancouver-based company and is the world’s largest producer and supplier of methanol to major international markets. The company expects that its current gas agreements will allow for a two-plant operation in Chile during the southern hemisphere summer months and up to a maximum of 75 per cent of a two-plant operation annually until mid-2020. (PC)

Fibre2Fashion News Desk – India

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