Methanol Holdings (Trinidad)
Limited （MHTL）
http://www.ttmethanol.com/
Methanol Holdings (Trinidad) Limited was formed in 1999 to consolidate the shareholding and overall management of the Trinidad and Tobago Methanol Company Limited (TTMC), the Caribbean Methanol Company Limited (CMC) and the Methanol IV Company Limited (MIV). This group produces and markets approximately 2.2 million metric tons of methanol per year and cumulatively, has over 25 years experience in the methanol business.
M5000
MHTL is presently constructing its M5000 Mega Plant at its production complex in Point Lisas,
Trinidad. The plant will produce 5,000 metric tons of methanol
per day and, through the utilization of purge gas streams from
the existing plants, would be capable of producing an additional
400 metric tons of methanol per day. The combined production of 5,400 metric
tons will make M5000 the
largest methanol plant in the world when commercial production
commences in the second quarter of 2005.
The total production capacity of Methanol Holdings (Trinidad) Ltd
(MHTL) when M5000 comes on stream, will increase to approximately
4 million metric tons per annum.
The M5000 plant will be built between the existing CMC plant and
the TTMC I plant. This close proximity to the existing plants on
the MHTL production complex will allow MHTL to exploit the
available operational synergies.
Trinidad and Tobago Methanol Company Limited (TTMC)
| ・ | The TTMC l plant was the first world-scale methanol plant to be constructed in Latin America. The rated annual capacity is 460,000 metric tons and it commenced production in 1984. |
| ・ | The Company’s second plant (TTMC II) was constructed by Ferrostaal Ag. It has a rated annual capacity of 550,000 metric tons and commenced production in 1996. |
| ・ | Originally a state-owned enterprise, TTMC was fully divested in 1997. |
| ・ | The current shareholders are CL Financial, Ferrostaal Ag, Helm Ag, & Methanol Holdings Limited |
the Caribbean Methanol Company Limited (CMC)
| ・ | The CMC plant has a rated annual capacity of 500,000 metric tons and it commenced production in 1993. |
| ・ | The plant was constructed by Ferrostaal Ag and it was Trinidad and Tobago’s first private-sector venture into the downstream Energy Industry. |
| ・ | The current shareholders are CL Financial & Ferrostaal Ag |
the Methanol IV Company Limited (MIV)
| ・ | The plant was built in early 1998, and has a rated annual capacity of 550,000 metric tons. |
| ・ | The current shareholders are CL Financial & Ferrostaal Ag |
Since 1997 the Group has been focusing on harnessing all available synergies among the individual methanol companies and plants. One of the key elements of this exercise was the rationalization of the plant operations and maintenance function under Industrial Plant Services Limited (IPSL) a CL Financial affiliate.
New Americas methanol units could
lead to slack in market
The possible bearish market sentiment in mid-2005 comes as Methanex readies for the startup of its 840,000 mt/yr Chile IV methanol facility (currently in commissioning phase) and Methanol
Holdings prepares for the
startup of its 1.89-mil mt/yr M5000 unit in Trinidad (expected late July
2005).
Methanex reportedly will shut
down its 500,000 mt/yr methanol unit at Kitimat, British Columbia
following the startup of Chile 4,
while Celanese's 500,000 mt/yr methanol unit at Bishop, Texas,
and Celanese and Valero's 600,000 mt/yr methanol unit at Clear
Lake, Texas, reportedly will be shut down following the startup
of M5000.