Methanex signals 10% NZ production cut

Fri, 29 Jan 2021

Methanex said its New Zealand production may fall as much as 10 percent this year due to the “significant and unexpected” production losses at the Pohokura gas field.The firm, NZ’s biggest gas user, said it will temporarily idle its Waitara Valley plant and consolidate methanol production through its two units at Motunui. As a result, production in 2021 will likely fall to between 1.5 million tonnes and 1.6 million tonnes, down from 1.67 million tonnes last year and 1.86 million tonnes in 2019.The three plants combined can pro...

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