Methanex Closure to Have Ripple Effect Across the Region

Methanex closure to have ripple effect across the region

New Zealand's largest gas user Methanex is to effectively close its plant and sell off its gas contracts.

Methanex plans to idle New Zealand plants as gas supply dwindles

Vancouver-based methanol producer Methanex Corporation said on Tuesday it would sell "substantially" all of its ​New Zealand natural gas contractual entitlements from ‌the first quarter of 2027.

‘Kick in the guts’: Job losses expected to ripple through region after plant’s closure

The world’s largest methanol supplier says its New Zealand operations are no longer sustainable and plans to sell most of its remaining contracted gas supply.

Methanex to close Taranaki plant after 40 years

Methanol producer and major gas user Methanex says it will sell its New Zealand gas entitlements and “indefinitely idle” its plant in Taranaki after 40 years of operation.

Methanex Provides Update on New Zealand Operations

VANCOUVER, British Columbia, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company” or “Methanex”) (TSX: MX) (Nasdaq: MEOH) announced today that it has entered into an agreement to sell substantially all of its New Zealand natural gas contractual entitlements…

NZ's largest gas user Methanex announce shut-down of Taranaki plant in 2027

Methanex will shut down its Taranaki methanol plant in 2027 due to a dwindling gas supply. The Canadian-owned company is New Zealand’s only methanol manufacturer, and it consumes about 40% of the country’s national gas production. It will sell its remaining gas entitlements into the energy market. New Plymouth mayor Max Brough estimated a loss […]