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Methanex to temporarily shut operations in Chile

12:10 AM MST | January 11, 2013 | Deepti Ramesh

Methanex says it expects to idle its Chile operation located at Cabo Negro, in March 2013 because of 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% of Methanex's total methanol production, the company says. “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...

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