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OCI Beaumont methanol plant to restart up to 14 days after shutdown: sources

Houston — OCI Beaumont is expected to restart its 912,500 mt/year methanol unit in Beaumont, Texas, in mid-August following an unplanned outage, sources said Tuesday.

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Multiple sources said the site went down sometime late last week because of a steam methane reformer issue, with expectations it could take 10-14 days for the plant to come back online, sources said Tuesday.

A company representative did not respond to a request for further information Tuesday.

One market source said the plant was running at a reduced capacity before the maintenance, adding production was about 50% or 460,000 mt/year.

S&P Global Platts assessed spot US methanol Monday at 111.75-112.25 cents/gal FOB USG for August and September.

After the Platts Market on Close assessment process ended Monday, August was heard traded at 114.5 cents/gal and 115 cents/gal FOB USG, with offers heard Tuesday morning at 116 cents/gal FOB USG, although sources indicated the outage is not the only factor behind prices rising.

--Daria Campbell, daria.campbell@spglobal.com

--Edited by Keiron Greenhalgh, keiron.greenhalgh@spglobal.com