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)

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By: Lane Kelley
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