Methanex to Decide on U.S. Methanol Partnership This Year
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Methanex Corp., the world’s biggest methanol producer, will decide by the end of the year whether to place its U.S. assets into a tax-advantaged partnership that would be spun off to shareholders.
The new U.S. company may be called Methanex Partners Ltd. and would consist of methanol plants that the Vancouver-based company is relocating from Chile to take advantage of abundant and low-cost natural gas, Chief Executive Officer John Floren said yesterday in an interview. An initial public offering of shares in the partnership could occur by mid-2015, he said in Colorado Springs, Colorado, where the American Chemistry Council is holding its annual meeting.