The largest of the two methanol project, Caribbean Gas Chemical's plant in Trinidad and Tobago could start up as early as mid-2019.
Methanol from Trinidad comes into the US duty-free while shipments from Venezuela are hit with a 5.5 pct import tax. In 2017, 49 pct of all US methanol imports were from Trinidad, according to industry data.
The second new methanol project slated for startup in 2019 is US Methanol's 200,000 tpy Liberty One unit in Charleston, West Virginia.
Vancouver-based Methanex is also expected to make a final investment decision on a proposed 1.8 million tpy plant next to its two existing methanol plants. in Geismar, Louisiana.
(Source: US Methanol, Methanex, ICIS News, 8 Jan., 2019) Contact: US Methanol, Frank Bakker, CEO, (681) 205-8511, firstname.lastname@example.org, www.usmeoh.com; Caribbean Gas Chemical, (868) 225-4242, www.cgcltt.com; Methanex, John Floren, Pres., CEO, (604) 661 2600, www.methanex.com
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(Source: QyresearchReports, SBWire, 7 July, 2018)
(518) 621-2074, email@example.com, www.qyresearchreports.com
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The agreement is slated to begin in 2018 and features a competitive fixed price for gas.
Contracted quantities will be lower in the contract's early years to allow for Methanex's pre-existing natural gas forward purchase contracts, and will increase to roughly 50,000 MMBtu/d -- approximately 80 pct -90 pct -- of the plant's gas requirements from 2023, according to a Metrhanex statement.
(Source: Methanex, SP Global, 9 Nov., 2017) Contact: Methanex, John Floren, Pres., CEO, (604) 661 2600, www.methanex.com; Painted Pony Energy, (403) 475-0440, www.paintedpony.ca
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