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Markets :: Basic Chemicals :: Petrochemicals :: Methanol

CF Industries to Close and Demolish Woodward Methanol Plant

4:12 AM MDT | October 7, 2011 | Natasha Alperowicz

CF Industries says it plans to close and demolish a methanol plant at its Woodward, OK nitrogen production complex. The company disclosed the plans in a filing to the NYSE. Production of methanol at the complex was suspended in late 2010 to ramp up ammonia production at the site. The move followed a recently completed review, which recommended focusing the Woodward operations on fertilizer production. The decision to shutter the methanol plant was made yesterday. CF Industries acquired the Woodward nitrogen complex as part of its April 2010 acquisition of Terra...

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