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Markets :: Basic Chemicals :: Petrochemicals :: Methanol

Methanex Eyes Coal Power to Free Up Chilean Gas Supplies

10:13 AM MDT | August 4, 2008 | Kara Sissell

Methanex says it is considering building a coal-fired power plant at Cabo Negro, Chile that would allow natural gas used for the company’s methanol plants’ electricity needs to be diverted to methanol production. The power plant would free up enough gas to produce about 150,000 m.t./year of methanol, the company says. Fuel switch: Search for additional feedstock takes a new turn. The company has not made a final decision to go forward with the coal-fired plant, which would require an estimated $40-million investment, Methanex CEO Brian Aitken says...

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