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Markets :: Basic Chemicals :: Petrochemicals :: Methanol

Demonstrations Force Shutdown of Methanex and Agrium Plants in Egypt

5:28 AM MST | November 15, 2011 | Ian Young

Methanex and Agrium have each suspended production temporarily at manufacturing plants at Damietta, Egypt due to demonstrations in the area. EMethanex, a 60-40 joint venture between Methanex and an Egyptian-Saudi consortium, halted output at its 1.3-million m.t./year methanol unit at Damietta. "Following recent unrest that has affected various industries at Damietta, we have made the decision to shut down the methanol plant," Methanex president and CEO Bruce Aitken says. "We do not believe that EMethanex is the focus of the unrest. Our immediate...

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