Methanex temporarily stop Chile operation

Methanex to temporarily stop Chile operation

9:27 AM, 11th January 2013
Methanex to temporarily stop Chile operation

VANCOUVER, CANADA: Methanex Corporation expects to idle its Chile operation in March 2013 due to anticipated insufficient natural gas supply. Methanex is currently operating one plant in Chile at low operating rates. In 2013, planned output from this plant represents less than 5 per cent of Methanex’s total production.

“Due to continued natural gas supply challenges, we do not expect to have sufficient feedstock to keep our Chile plant operating through the southern hemisphere winter. Our current expectation is that resumption of our plant operation would be possible later in the year,” said John Floren, President and CEO, Methanex Corporation.

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