Home / Knowledge / News / Textiles / Methanex hikes methanol global operating capacity
Methanex hikes methanol global operating capacity
07
Oct '13
Methanex Corporation has reached a number of key milestones with respect to its near-term capacity growth objectives in New Zealand, Canada and Chile.

On October 4, 2013, the company successfully produced its first methanol from the newly restarted 0.5 million tonne plant in Waitara Valley, New Zealand.

In September, Methanex also restarted an idle distillation unit which will debottleneck methanol production capacity at the Motunui, New Zealand site. These two initiatives will enable Methanex to increase its total annual operating capacity in New Zealand by up to 0.9 million tonnes depending on natural gas composition.

Also in September, Methanex began production from the distillation capacity it has added at its facility in Medicine Hat, Alberta. The new unit adds 0.1 million tonnes of annual operating capacity at the site.

John Floren, President and CEO of Methanex, said, "We are excited to be restarting our Waitara plant and to have completed our distillation capacity initiatives in New Zealand and Medicine Hat. These initiatives represent important milestones in reaching our growth objectives.

“This new operating capacity, combined with our two 1 million tonne plant relocations from Chile to Geismar, Louisiana, will allow us to increase our operating capacity by up to 3 million tonnes to a total of 8 million tonnes by 2016." Mr. Floren added, "The projects have been completed on schedule and on budget, thanks to many months of hard work by our teams in New Zealand and Canada."

Methanex has also restarted its 0.9 million tonne Chile I plant. John Floren said, "We expect the restarted Chile plant to produce methanol at a higher average daily rate than we achieved in the first quarter of 2013, supported by gas supplies from both Chile and Argentina through a tolling arrangement.

"We have a first class team in Chile and they have worked hard over the past months on this Chile re-start project, while at the same time progressing the relocation of two Chilean plants to Geismar."

Methanex is a Vancouver-based, publicly traded company and is the world's largest supplier of methanol to major international markets.

Methanex

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search