MHTL taking down two Trinidad methanol units in September

22 August 2012 19:34  [Source: ICIS news]

HOUSTON (ICIS news)--Methanol Holdings (Trinidad) Limited (MHTL) has scheduled a combined 25 days of maintenance on two methanol plants in September, market sources said on Wednesday.

MHTL’s 580,000 tonne/year M4 unit will go down for 15 days beginning on 1 September, followed by the 1.9m tonne/year M5000 unit for 10 days, sources said.

The September work at the Trinidad plants is regularly scheduled maintenance, the sources said. In 2011, the M5000 plant had a six-week turnaround that began in early October and finished in late November.

The M5000 unit went down in early April for a maintenance turnaround that lasted about a month.

The turnaround coincides with a natural gas curtailment in September imposed by the state-owned National Gas, which told chemical producers in June that gas deliveries will likely be curtailed by up to 30% during September.

Spot prices have shot up 4 cents/gal in the past week on talk of tightening, ranging from production glitches at a restarted plant in Texas to the coming curtailment in Trinidad.

The low in spot prices came last week on a brief dip to 107 cents/gal. The high, 111 cents/gal on Wednesday, came with a barge purchased for first half of October delivery.

MHTL operates the M5000 unit and four others at the Point Lisas Industrial Estate in Trinidad that give it a total combined capacity of 4m tonnes/year.

Southern Chemical Corp (SCC) is the North American marketer for MHTL.

MHTL did not immediately respond to a request for comment.

By: Lane Kelley
+1 713 525 2653

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