Methanex to close T&T methanol plant indefinitely
In Trinidad & Tobago, The Guardian reported that Canada’s Methanex Corporation said that it will idle its Titan methanol plant on the Point Lisas Industrial Estate indefinitely, after failing to secure a new natural gas supply contract with the wholly state-owned National Gas Company (NGC).
Methanex said Titan’s existing natural gas contract expires in three months, at which time the plant will be put into preservation mode “to provide optionality for a future restart should conditions materially improve.”
Titan is the second of Methanex’s two methanol plants in Trinidad & Tobago to go into idle mode.
In September 2024, the Atlas methanol plant was idled following the expiration of its 20-year natural gas supply agreement. The plant remains in a preserved state. The Titan plant has a 860,000 tons a year capacity, while the Atlas facility has a capacity of 1,650,000 tons a year capacity.
Category: Fuels
