Methanex Says Its Egypt Methanol Production Facility Was Temporarily Idled This Morning; Says Working Closely With Its Partner And Gas Supplier To Resume Gas Supply
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Methanex's Egypt methanol production facility was temporarily idled due to lower gas supply and increased seasonal demand for power generation. The company is working with its partner and gas supplier to resume gas supply.
June 04, 2024 | 9:12 pm
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Methanex's Egypt methanol production facility was temporarily idled due to lower gas supply and increased seasonal demand for power generation. The company is working with its partner and gas supplier to resume gas supply.
The temporary idling of Methanex's Egypt methanol production facility due to gas supply issues is likely to negatively impact the company's short-term production and revenues. However, the company's efforts to resume gas supply may mitigate long-term effects.
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