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.