Methanex restarts Titan methanol plant in Trinidad

11 February 2011 21:21  [Source: ICIS news]

HOUSTON (ICIS)--Methanex’s Titan plant in Trinidad has resumed operations, the company reported on Friday.

A Methanex official confirmed that the methanol producer’s 850,000 tonne/year Titan plant in Point Lisas, Trinidad, had been restarted this week. The official would not specify on which day operations had resumed.

The plant went down in late January for undisclosed reasons. A company executive said the outage would last three weeks, which would have ended around 11-12 February.

US methanol spot barge prices reversed course this week and dropped 5 cents/gal on supply issues, sources said.

After jumping by almost that much during the previous week, the spot price range on Friday closed at 102-104 cents/gal.

In addition to the Methanex Titan restart, prospects for more capacity were boosted this week when Petrobras announced that it would build a new methanol plant in Brazil. No date has been set.

($1 = €0.74)

For more on methanol visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect


By: Lane Kelley
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index