Methanex secures more natural gas for New Zealand plant
09-Mar-2006
Methanex Corporation announced that it has secured approximately six petajoules of additional natural gas feedstock for its 530,000 tonne per year Methanol plant in New Zealand. This gas, combined with existing gas entitlements, will enable the New Zealand plant to produce approximately 230,000 tonnes of methanol in 2006.
The New Zealand plant was idled during the fourth quarter of 2005 and was restarted in early January 2006. With this additional gas, it is expected to operate until the end of the second quarter of 2006. The New Zealand plant remains a flexible production asset and future operations beyond mid-2006 will be dependent on securing additional economically priced natural gas.
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