Methanex Corp to move Chile plant to Louisiana
April 25 (Reuters) - Methanex Corp, a Canadian producer of methanol, said late on Wednesday that it was moving a second plant from Chile to Geismar, Louisiana.
Moving the second, 1-million-tonne plant to Louisiana allows Methanex to take advantage of relatively low-priced natural gas, from which methanol is made, Chief Executive John Floren said.
The plant was expected to start up in early 2016 and cost $550 million.
Methanol is a liquid chemical used to make industrial and consumer products such as building materials and plastics.
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