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Methanex temporarily idles plant in Egypt because of gas shortage

11:58 AM MDT | July 3, 2014 | Deepti Ramesh

Methanex says that the methanol production plant of its joint venture Egyptian Methanex Methanol (EMethanex) has been idled temporarily because of constrained gas availability. Methanex operates and holds the majority share, 50%, of EMethanex. The EMethanex plant, which can produce 1.3 million m.t./year of methanol, is located at Damietta, Egypt. Methanex says that it has been advised by its gas supplier, which is a shareholder in EMethanex, that it will likely not be able to resume gas deliveries before the end of July because the priority allocation of...

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