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Markets :: Basic Chemicals :: Petrochemicals :: Methanol

MEO Australia to sell stake in methanol and LNG projects

5:24 AM MDT | August 7, 2014 | Natasha Alperowicz

MEO Australia (Melbourne) announced today that it has put up for sale a stake in its previously reported Tassie Shoal methanol and liquefied natural gas (LNG) projects after receiving expressions of interest from a number of parties in the assets. “The decision to pursue this initiative has been taken following a number of discussions with parties who had expressed interest to MEO in obtaining equity in these projects,” the company says. UBS has been appointed as adviser to MEO.   The Tassie Shoal projects, located off the coast of Western...

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