World's largest methanol supplier to shut down plant in Egypt due to political unrest

17-Nov-11
Canada's Methanex Corp, the world's largest methanol supplier, said it will shut down its plant in Egypt due to political unrest in the country, as per Reuters. The Egyptian facility started commercial operations in March. The company, which supplies methanol to markets in the Americas, Asia-Pacific and Europe, plans to restart the plant in a timely manner once order has been restored in the area. Political groups in Egypt have warned of an anti-military protest, if the ruling generals did not withdraw a constitutional proposal that shields the army from oversight in parliament by Wednesday.
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