Methanex Corp. has restarted its second methanol plant at
its Motunui site in New Zealand and production commenced this
week, the company said on Thursday.
The addition of the second plant adds 650,000 tpy of
capacity and increases the Motunui site capacity to 1.5 million
"We are delighted to announce the successful restart of a
second Motunui plant, said Bruce Aitken, CEO of
Our team in New Zealand did a first class job in
starting this plant on schedule and at a very reasonable cost.
The plant adds a competitive new supply source for our
customers in the fast-growing Asian markets and is expected to
generate strong returns for shareholders."
With the improved natural
gas supply position that has developed in New Zealand over
the past several years, we have further opportunities to
increase production by debottlenecking the Motunui site and
potentially restarting our plant at the nearby Waitara Valley
site, Mr. Aitken added.