- World's largest methanol
plant.
Construction has begun in Trinidad & Tobago on what is thought to be the world's largest methanol plant, reports Oil & Gas Journal (Aug. 8, 2003): Methanol Holdings (Trinidad) Ltd. is building the US$500 million plant, which will have a capacity of 5,000 tons/day. This means the "M 5000" plant ......
- New petrochemical plant.
Trinidad's booming petrochemicals sector is poised for more growth with the opening of a new US$500 million (euro413 million) methanol plant, which the Caribbean nation is touting as the world's largest, reports AP (Oct. 27, 2005): The plant in the central town of Point Lisas, will produce 1.8 million metric ......
- METHANOL PLANT PURCHASE.
The world's largest producer of methanol became a little larger last week as Canada-based Methanex finally closed its acquisition of Saturn Methanol Co. LLC, a Trinidad producer, reports Oxy-Fuel News (October 9, 2000). The US$28 million deal, first inked last March, was delayed pending successful start-up of Saturn's new 283 ......
- FOURTH METHANOL PLANT.
Trinidad's fourth methanol plant was recently commissioned as a result of a joint venture between Trinidadian conglomerate CL Financial and Germany's Ferrostaal. Trinidad continues its extensive development in the natural gas industry, which has rapidly evolved into the primary vehicle for growth in the energy sector and economy as a ......
- Business update: Plants and projects
Liquid Production Facility Launched Construction and startup of the Southern Air Products (Guangzhou) Ltd. liquid production facility has been completed in Guangdong Province, China. Said to be the largest of its kind, the stand-alone plant supplies many manufacturers in the region. Its capacity on a combined basis includes 500 m.t./d ......
- Methanex to take over titan plant.
Methanex Corp. (based in Vancouver, B.C.) said it has struck a deal to take full ownership of the Titan methanol plant in Trinidad, buying out partners Beacon Energy and BP, reports Reuters (May 15, 2003). The company, which is the largest producer of methanol, said it has also agreed to ......
- LOW METHANOL PRICES PUT COMPANIES IN
DEBT.
Low international prices for methanol have forced several methanol companies in Trinidad & Tobago to run up a large debt, still currently outstanding to the state-owned National Gas Co. (NGC), reports CANA (July 8, 2000). Energy Minister Finbar Gangar said four methanol companies owe about TT$102 million (US$16.1 million) to ......