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LyondellBasell restarts methanol plant in Texas

9:47 AM MST | January 2, 2014 | Francinia Protti-Alvarez

LyondellBasell Industries says it has completed the previously announced restart of the company's methanol plant at Channelview, TX. The plant was placed back into service in the fourth quarter of 2013 to take advantage of low-cost natural gas feedstock from shale formations, the company says. The unit had been out of service since 2004 due to the rising cost of natural gas at that time. LyondellBasell's methanol production capacity at Channelview is 780,000 m.t./year, according to IHS Chemical data. LyondellBasell says it is a major producer and global supplier...

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