Blueprint ‘too little too late’ to save Melbourne methanol plant

Original article by Ben Potter
The Australian Financial Review – Page: 7 : 13-Jun-17

Coogee Chemicals announced in March 2017 that it would dismantle its methanol plant in Melbourne and re-locate it to the US, due to the high cost of gas on Australia’s east coast. Although the Finkel review acknowledged that bans on gas exploration by Australian states were having an impact on gas prices and supply -and the cost of electricity – and that "blanket" bans should be avoided, Coogee Chemicals has made it clear that it does not intend to reverse its decision.

CORPORATES
COOGEE CHEMICALS PTY LTD, BLUESCOPE STEEL LIMITED – ASX BSL, MANILDRA MILLING PTY LTD, REMAPAK PTY LTD

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