Gas policy driving up emissions: Methanex

Global emissions shot up due to idling of Methanex's Waitara plant. (Image: supplied)

Wed, 28 Jul 2021

Methanex says cutting back its methanol production in New Zealand due to gas shortages has increased global greenhouse gas emissions and it fears local industry is being phased out by policy.NZ’s largest gas user has told the sector regulator – the Gas Industry Company (GIC) – it had serious concerns about current market settings. It warned industries should be encouraged “rather than today’s model of industry being phased out of NZ through policy”.It said being forced to close down local operations would res...

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