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Gold/Mining/Energy : Big Dog's Boom Boom Room
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From: t4texas1/18/2012 1:34:58 AM
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meoh moving an idle methanol plant in chile to geismar, louisiana. clearly the huge supply and low cost of usa ng will spawn plenty of biz moving to the usa over a long period of time. it occurs to me that 2014 for operations of the plant will be just about the time export of lng should start too, and i am sure that type of world-price competition was factored into meoh's decision. i got this blurb below from briefing.com early wednesday morning.

01:18 MEOH Methanex signs long-term gas supply agreement; announces the planned restart of a second plant in New Zealand; and plns to relocate a methanol plant to the Gulf Coast (26.51 )
Co announces plans to restart the second methanol plant at its Motunui site in New Zealand. The plant is expected to commence production in mid-2012 and will add up to 650,000 tonnes of incremental capacity per year. Methanex has signed a 10-year agreement with New Zealand-based Todd Energy to supply natural gas for up to half of the 1.5 mln tonnes of annual capacity at the Motunui site. The plant has been idle since 2004 and the estimated future capital cost to restart is $60 mln. Additionally, co announced that it has secured land in Geismar, Louisiana, and is planning to move one of its idle methanol plants in Chile to this location. Site-specific engineering has begun and the plant is expected to be operational in the second half of 2014.
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