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Methanex considers indefinite plant closures

Broadcast United News Desk
Methanex considers indefinite plant closures

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The methanol producer shut down one of its two plants last quarter due to a shortage of natural gas supplies.

Methanex has three plants in New Zealand, one of which has permanently ceased production.

Methanol producer Methanex is considering indefinitely suspending production at one of its two plants at Motunui, near New Plymouth, due to increasing pressure on natural gas supplies.

In a conference call to discuss results for the three months ended June, Methanex Chief Executive Rich Sumner said the company has relied on a

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