Methanex idles overseas plants
By Collin Gallant on March 20, 2020.
Local methanol producer Methanex will idle plants in Trinidad this week and recently restarted plants in Chile as it expects demand for the industrial chemical to be hampered this spring.
“There has been a substantial reduction in manufacturing activity in countries that have had significant outbreaks of COVID-19,” said CEO John Flroen in a statement this week. “As a result we are reducing production at our facilities were we have flexibility in our gas agreements.”
Methanex has struggled with contracting gas in both countries over the last several years. There was no statement about production in Medicine Hat, though the Floren has in the past pointed to high efficiency and low-cost, well-supplied gas in southeastern Alberta as an advantage here.
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