Methanex emissions-reduction project falls victim to exploration ban

Tue, 25 Sep 2018

By Gavin Evans Sept. 25 (BusinessDesk) - The government’s proposed ban on new offshore exploration looks likely to halt plans by Methanex for a $100 million-plus emissions reduction project at its Motunui plant. The company uses natural gas to make methanol and had been considering a project to recover and re-use CO2 from its production processes in order to reduce emissions per tonne of product. But that project is now unlikely to proceed due to uncertainty about the longevity of affordable gas supplies in New Zealand, says John Kidd,...

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