Methanex Plant To Reopen In 2011

After sitting idle for 10 years, the Methanex plant will reopen in Medicine Hat.

After sitting idle for 10 years, the Methanex plant will reopen in Medicine Hat. Preparations are now underway to get the facility operational by April 2011. Kevin Henderson, Vice President of Manufacturing, says the plant was shut down in April 2001 because of soaring natural gas prices. But with a steady decrease in costs over the last several months, they're ready to jump on board with methanol production once again. Of the upgrades that need to be made to the plant, the most expensive will be environmentally-based, as Henderson says "[they're] spending a lot of money to improve environmental performance at the site". Overall it'll cost about $45-million to get the plant running by April and about 85 full-time positions are expected to be posted.

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