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Methanex Shuts One Chile Unit; Proceeds with Egypt JV

1:59 PM MDT | July 25, 2007 | Peck Hwee Sim

Methanex says it will shut down a 925,000-m.t./year methanol unit at its Punta Arenas, Chile site this month due to natural gas curtailments from its main natural gas supplier in Chile. The unit will be down until “the gas supply situation improves,” says Bruce Aitken, president and CEO of Methanex. The company says it will ramp up production at its three remaining units at the site, which has combined capacity of 2.9 million m.t./year, from 80%-90% to full capacity. Punta Arenas: Site hit by gas shortages. Methanex’s Punta Arenas site has been...

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Comments (1) for Methanex Shuts One Chile Unit; Proceeds with Egypt JV
It was completely unrealistic to take over a astounding Chilian success and try to build 3 more units I can assure readers that there is no more gas for more than one unit and especially from Argentina as they will try to increase feedstock prices.
Posted by nick shelley on Sunday, May 11, 2008 @ 06:41 AM

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