Methanol Holdings

Methanex accepts two month gas extension

Methanol Holdings has accepted a two month extension of their natural gas contract with the National Gas Company (NGC), as the parties try to avoid the shutting down of the Titan methanol plant and the sending home of scores of workers.

The announcement was made yesterday by Methanex CEO, John Floren, who said the company continues to work towards a long term gas contract.

In an investor conference call, Floren revealed: