EQNR - Equinor shuts Europe's largest methanol plant after fire

Equinor ([[EQNR]] +3%) says a fire has caused it to evacuate employees and shut down the Tjeldbergodden industrial facility in Norway, which includes Europe's largest methanol plant, a gas processing terminal and an air separation plant.The methanol plant, which is owned by Equinor and ConocoPhillips ([[COP]] +3.5%), accounts for more than 25% of European production and has an annual capacity of ~900K metric tons; the two companies also own the air separation plant.The gas terminal, which processes gas from the Heidrun offshore field, is owned by Equinor, Petoro, ConocoPhillips and Eni ([[E]] +1.5%).In September, Equinor's Arctic Hammerfest liquefied natural gas plant caught fire and will be shut for up to a year.

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Equinor shuts Europe's largest methanol plant after fire