Vital role for NZ’s biggest gas user in climate transition

Wed, 09 Jun 2021

An 11-year extension to the life of the country’s largest gas user, methanol producer Methanex, emerges as a crucial element in meeting New Zealand’s transition to a net zero carbon emissions economy by 2050.The final report of the Climate Change Commission no longer assumes Methanex closes its operations in 2029 and instead expects Methanex, the user of 40% of all gas produced in NZ, to continue operations until 2040.The counter-intuitive conclusion reflects the commission’s recognition that if Methanex ceases operations, inc...

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