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Author: richardhands

Methanex to close Titan methanol plant

Methanex says that it has been unable to agree to a new natural gas contract for its 860,000 t/a Titan methanol plant in Trinidad and Tobago, and, as a result, will begin the process of indefinitely idling the facility. Titan’s existing natural gas contract expires in the third quarter of 2026. Methanex says that it will undertake a preservation process at the Titan plant to provide options for a future restart should conditions materially improve. The neighbouring 1/7 million t/a Atlas methanol plant, a joint venture in which Methanex holds a 63.1% economic interest, remains indefinitely idled in a preserved state.