Methanex to restart and increase methanol capacity in New Zealand

Methanex plans to increase methanol capacity in New Zealand by 700,000 m.t./year, to 2.2 million m.t./year, by the end of 2013. The company has secured a new natural gas supply agreement, which will enable the restart of the methanol plant at its Waitara Valley site in the third quarter of 2013, adding 500,000 m.t./year of capacity. Methanex will also add 200,000 m.t./year at its Motunui site by increasing distillation capacity. The combined estimated capital cost of the 2 projects is about $65 million, Methanex says. “This added production enhances our...

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