Q1 methanol production in Trinidad falls 8% – central bank

18 June 2012 17:29  [Source: ICIS news]

HOUSTON (ICIS)--Methanol production in Trinidad dropped 8% in the first quarter compared with same period in 2011, according to data released by the country’s central bank on Monday.

Methanol production totalled 1.4m tonnes in Q1, compared with 1.52m tonnes in the first three months of 2011, the data showed.

The drop reflects natural gas curtailments that have reduced petrochemical production at the island’s Point Lisas Industrial Estate during the past year.

Gas cutbacks of varying percentages have been a monthly constant for chemical producers since February 2011 because of repair work being done on offshore platforms.

The National Gas Co (NGC) of Trinidad and Tobago notified local chemical producers to expect a curtailment in gas deliveries of up to 30% during the month of September, sources said earlier this month.

March methanol production in Trinidad increased slightly, to 529,700 tonnes, up 0.67% from 526,200 tonnes in March 2011, according to the Central Bank data.

Trinidad’s fertilizer production in the first three months this year totalled 1.471m tonnes, down 0.14% from 1.473m tonnes in the same period of 2011, the bank data also showed.

By: Lane Kelley
+1 713 525 2653

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