World's largest methanol plant meets nameplate capacity

Curtis Williams
OGJ Correspondent

PORT OF SPAIN, Nov. 9 -- The world's largest methanol plant at Point Lisas, Trinidad, met its nameplate capacity of 5,000 tonnes/day in its 2 weeks of production, said officials at Methanol Holdings (Trinidad) Ltd.

The plant took 25 months to construct. The new facility makes Methanol Holdings the primary exporter of methanol to the US market and the second-largest methanol producer in the world, said company officials. KfW Bankengruppe financed the $550 million project.

Methanol Holdings operates five other plants that produce a total 4 million tonnes/year of methanol. More than 95% of that production is exported. The company is building a methanol plant in Oman that is expected to be completed by yearend.

CL Financial Ltd., a diversified conglomerate, is majority shareholder in Methanol Holdings, with 53%. Other shareholders include Ferrostall AG 27.5%, GE Capital's Latin American Fund 15%, and Helm AG, 4.5%.

Related Articles

Planned maintenance under way at ExxonMobil’s Baytown complex

08/28/2014 ExxonMobil Corp. has started scheduled maintenance on a fluid catalytic cracking (FCC) unit at its 561,000-b/d integrated refining and petrochemica...

Serbia’s NIS plans upgrades at Pancevo refinery

08/25/2014 Serbia’s Naftna Industrija Srbije (NIS) will begin a planned modernization overhaul of its 98,000-b/d Pancevo refinery beginning Sept. 1, the compa...

Contract let for Vietnam’s Nghi Son refining complex

08/22/2014 Nghi Son Refinery & Petrochemical LLC, through a contractor, has let a contract to Hamon Korea Co. Ltd., Seoul, to air quality systems for its ...

PKN Orlen lets contract for olefins plant in Poland

08/21/2014 Polski Koncern Naftowy SA (PKN Orlen) has let a contract to CB&I, Houston, for the license and engineering design of a metathesis plant for the...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected