CEO Rich Sumner confirmed the decision followed extensive negotiations with the Trinidad and Tobago government and the National Gas Company. While the company intends to maintain the site for a potential future restart, the facility joins the Atlas methanol plant—where Methanex holds a 61.3% stake—in an indefinitely idled, preserved state. Management stated that the move is not expected to trigger significant cash costs, and the current focus remains on staff support and the technical preservation of the site.
Methanex Shuts Trinidad Titan Plant Following Gas Contract Standoff
The Titan methanol facility in Trinidad and Tobago faces an indefinite shutdown as Methanex fails to secure a replacement natural gas supply deal. With the current contract expiring in the third quarter, the company has opted to preserve the 875,000-ton capacity plant rather than continue operations without a viable feedstock.
Comments (0)
No comments yet. Be the first!