Methanex shuts down methanol plant due unrest in Egypt

Methanex shuts down methanol plant due to unrest in Egypt

2:55 AM, 16th November 2011
Methanex shuts down methanol plant due to unrest in Egypt
Bruce Aitken, President and CEO, Methanex.

VANCOUVER, CANADA: Methanex Corporation issued a statement regarding the status of its operations in Egypt. “Following recent unrest that has affected various industries in Damietta, Egypt, we have made the decision to shut down the methanol plant. We do not believe that EMethanex is the focus of the unrest. Our immediate priority remains the safety and security of our employees and contractors. We are confident that we are positioned to restart the plant in a timely manner once order has been restored to the area,” informed Bruce Aitken, President and CEO, Methanex.

© WOC News

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