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Methanex restarted its Methanol Chile IV plant

Methanex Corporation announced yesterday about the restart of its Methanol from its 0.8 million tonne Chile IV plant that has been idle since 2007. In addition, the Argentine Government recently granted permits to allow for the export of natural gas from Argentina to Chile and Methanex has begun to receive natural gas from Argentine suppliers. We expect that our current gas agreements will allow for a two-plant operation in Chile during the southern hemisphere summer months and up to a maximum of 75% of a two-plant operation annually until mid-2020.