The world's largest methanol maker is idling its Titan plant in Trinidad, a hard sign of a gas squeeze that is hollowing out the island's industry.
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Key Facts
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The decision. Methanex, the world’s largest methanol producer, said on June 29 it will indefinitely idle its Titan plant in Trinidad and Tobago.
Methanex Corporation will be indefinitely idling its Titan methanol plant in Pt Lisas as it said yesterday it was unable to agree…
Methanex indefinitely shut down its Titan methanol plant yesterday morning.
Methanex employs around 160 people and represents almost 10% of the Taranaki economy.
With New Zealand's single biggest gas consumer Methanex announcing a decision to close from next year and sell off its gas…
Methanex's exit could ease gas prices short term, but not for all households.
The energy sector will be cut some slack from Methanex's plan to leave New Zealand.
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