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Methanex Corp To Increase Operating Capacity At New Zealand Operations


Tuesday, 5 Mar 2013 07:20pm EST 

Methanex Corp announced plans to increase operating capacity at its New Zealand operations by 700,000 tonnes to 2.2 million tonnes by the end of 2013. Methanex has secured a new natural gas supply agreement, which will enable the restart of the methanol plant at its Waitara Valley site by late in the third quarter, adding 500,000 tonnes of production per year. In addition, Methanex will add capacity at the Motunui site by increasing distillation to add another 200,000 tonnes annually. The current estimated capital cost of these two projects is approximately USD65 million. 

Company Quote

70.31
0.93 +1.34%
16 Sep 2014