Methanex second plant will start operating in November and December - Chile

Published: Thursday 03, September 2009 18:51 (GMT -0400)

The Canadian producer of methanol, Methanex (Nasdaq: MEOH) expects to begin operations in late November or early December, a second plant of its complex Cabo Negro, situated in the Magallanes region in southern Chile, said Senior Vice President Methanex to Latin America, Paul Schiodtz.
Therefore, the company expects production in Cabo Negro to increase existing capacity of 25-30% to 55-60% when operating two plants at a lower level of production instead of a full capacity, said the executive during a conference held in Santiago on Wednesday. The company has been affected by cuts in gas supplies from Argentina. "In the relatively near future we will have a production far more significant than we have today (...). The potential is much higher," he said.

http://www.bnamericas.com/news/petroquim...