MHTL methanol units in Trinidad to restart by Wednesday afternoon

20 November 2012 22:06  [Source: ICIS news]

HOUSTON (ICIS)--Methanol plants in Trinidad and Tobago owned by Methanol Holdings (Trinidad) Limited (MHTL) should be restarted by Wednesday afternoon, a source close to the company said on Tuesday.

The plants began restarting over the weekend, following a power outage late last week that shut down most of the methanol and ammonia plants at Trinidad’s Point Lisas Industrial Complex.

A source at the state-owned National Gas Company (NGC) notified all of the plants at Point Lisas on Sunday that they could begin restarting. MHTL owns five plants in Trinidad.

Spot prices receded a little on Tuesday, at 127-128 cents/gal, after touching 130 cents/gal late last week, sources said.

$1 = €0.78

 



By: Lane Kelley
+1 713 525 2653



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