- Methanex (MEOH +0.4%) says it restructured existing arrangements with Chilean energy firm Empresa Nacional del Petroleo for natural gas supply to support ~25% of its annual production capacity in the country through 2025.
- MEOH expects the gas supply, when combined with commitments from other suppliers, will allow as much as 75% of a two-plant operation, or annual production of up to 1.3M metric tons.
- The company's Chile operations have a combined capacity of 1.7M mt/year through the Chile I - which has been restarted after completing the first phase of a major refurbishment - and Chile IV facilities.