Atlas methanol plant in Trinidad shuts down for 37-day turnaround

09 January 2012 20:34  [Source: ICIS news]

Trinidad Atlas methanol plantHOUSTON (ICIS)--Methanex’s Atlas methanol plant in Trinidad went down late last week for a 37-day turnaround, a company spokeswoman said on Monday.

The 1.7m tonne/year plant began the turnaround on Friday, said Deborah Samaru, spokeswoman for Methanex in Trinidad and Tobago.

Methanex’s other methanol plant in Trinidad, the 850,000 tonne/year Titan plant, continues to operate, Samaru said.

Spot barge methanol prices remained unchanged from Friday’s close at 113-115 cents/gal, sources said. A trader said prices had not changed because the market knew that the Atlas turnaround was coming and had planned for it.

The trader said methanol demand continues to weaken and that spot prices would be lower if not for rising oil prices.

Front-month futures for West Texas Intermediate crude closed on Monday at $101.31/bbl, down slightly from $101.56/bbl at the end of last week.

The trader said weak sales had been reported this winter for windshield washer and drilling fluid, which both use methanol.

Methanex owns 63.1% of the Atlas plant, and BP owns 36.9%.

BP said in October last year it wanted to sell its share, and Methanex said it would be interested in buying.

For more on methanol, visit ICIS chemical intelligence

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

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