GEISMAR, La. (AP) — Methanex Corp. expects to be producing methanol from its 1.1 million-ton Geismar 1 facility in late 2014, while production from the 1.1 million-ton Geismar 2 plant is expected to begin production in early 2016.
Methanex recorded $100 million in spending related to both facilities during the second quarter. The Advocate reports (http://bit.ly/XjVr6C ) the Geismar update was included in Methanex’s second-quarter earnings report, which was released late Thursday evening.
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The Vancouver, British Columbia-based company reported adjusted net income of $91 million, or 94 cents per share
Methanol is used as a feedstock to produce plastics, textiles, paint and plywood
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Information from: The Advocate, http://theadvocate.com
