Methanex Corporation announced today that it has successfully restarted its Chile I plant at its site in Punta Arenas, Chile. The Chile operation had been idled since May 2014 due to insufficient natural gas supply.
John Floren said, "We are pleased to have restarted our Chile I plant, supported by gas supplies from both Chile and Argentina through a tolling arrangement." Mr. Floren added "There continues to be upstream activity in southern Chile, including the assessment of unconventional reserves in the region. We are focused on realizing full value from our remaining Chile assets, and remain optimistic that we can continue to operate in the region over the coming years."