CEO hints at Methanex expansion

The new CEO of Methanex announced the possibility of a major expansion of the city’s methanol plant during his visit to Medicine Hat Friday.

“Certainly, Medicine Hat is one of the locations that we’re considering to build a million tonnes of additional capacity,” said CEO John Floren.

“We hope to be at a decision point at this time next year.”

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Methanex announces expansion

Less than two years after restarting production at its Medicine Hat facility, Methanex is investing another $30 million to increase the amount of methanol it can produce.

Pilings and concrete foundations are being put this week to accommodate new distillation equipment at the methanol plant in Brier Park. The towers, which arrived earlier this winter, will eventually allow the facility to ramp up production by about 10 per cent, said locally based company vice-president Kevin Henderson.

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