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TRINIDAD & TOBAGO: Construction contract award for planned $500,000,000 methanol plant,...

PROJECT OVERVIEW:

The local METHANOL HOLDINGS TRINIDAD LTD. (MHTL) currently operates 4 methanol plants 3 of which were built by Germany-based FERROSTAAL AG. However, the high costs of natural gas are presently causing supply shortages in North America following plant shutdowns. As a result, MHTL recently awarded another contract for the construction of a fifth methanol plant to FERROSTAAL in order to help overcome these shortages.

According to the terms of the turnkey award, FERROSTAAL will be responsible for building what is claimed to be the world's large

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