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People & Business :: People/Executives

Methanex Cuts Chilean Workforce

7:46 AM MDT | March 31, 2008 | Chemical Week Editorial Staff

Methanex says it has reduced its workforce in Chile by 39 employees, or 15%. The company’s methanol production in Chile has been running at 30% capacity since June of last year because of a lack of natural gas supply from Argentina (CW, Sept. 5/12, 2007, p. 6). The Argentine government has also increased its natural gas export duty, essentially tripling the taxes that Methanex must pay to about $7/million Btu, a company spokesperson says. Methanex says it has not been notified when gas supply from Argentina would be restored and has taken several steps to...

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