'Disappointing outcome': More cuts coming at Methanex

'Disappointing outcome': More cuts coming at Methanex
Already shuttered, Methanex contemplate further cuts to operations. (Image: NZME)
Ian Llewellyn
The already shuttered Methanex is considering further winding back operations, saying the country's long-term gas supply outlook makes it challenging to remain open.Managing director Stuart McCall said in a statement that the global methanol producer's New Zealand operation was consulting on how best to operate and what structure is required to move from a two-plant operation to a one-plant operation for the foreseeable future to match the current gas outlook.“This is a disappointing outcome for us. It means we are likely to lose...

More Energy

Genesis expands solar pipeline with new Waikato project
News in Brief

Genesis expands solar pipeline with new Waikato project

Genesis Energy has announced plans to acquire and develop a solar farm in Waikato from PGP, an international solar farm developer.The consented site is at Rangiriri, between Auckland and Transpower’s planned new substation at Glen Murray and close to Genesis’ 200-megawatt-hour (M...

Ian Llewellyn 30 Oct 2025
Contact Energy expands global investor base
Markets

Contact Energy expands global investor base

Contact Energy priced an inaugural €500 million (NZ$1.01b) 7-year senior bond under its Euro Medium Term Note (EMTN) Programme, it said Friday.“This marks a milestone in Contact’s funding strategy, expanding our global investor base and reinforcing our commitment to sustainable f...

Rebecca Howard 24 Oct 2025
Kominik resigns from Electricity Authority, will start review
News in Brief

Kominik resigns from Electricity Authority, will start review

Electricity Authority chair Anna Kominik has announced her resignation but will stay in the job until her successor is found.Energy Minister Simon Watts said Kominik will also start a board-led organisational review of the authority.The announcement follows the Government's r...

Ian Llewellyn 22 Oct 2025
Bioenergy policy points to obstacles to reach scale
Primary Sector

Bioenergy policy points to obstacles to reach scale

Wood energy could replace around 40% of fossil-fuelled process heat by 2050.

Ian Llewellyn 22 Oct 2025