Methanex Cor­po­ra­tion has an­nounced that it will in­def­i­nite­ly idle its Ti­tan methanol plant in Trinidad and To­ba­go af­ter fail­ing to se­cure a new nat­ur­al gas con­tract.

The Van­cou­ver-based com­pa­ny said to­day that the ex­ist­ing gas sup­ply agree­ment for the Ti­tan fa­cil­i­ty, which has a pro­duc­tion ca­pac­i­ty of 860,000 tonnes per year, ex­pires in the third quar­ter of 2026 and no re­place­ment agree­ment could be reached.

Methanex said it would pre­serve the plant to al­low for a pos­si­ble restart if con­di­tions im­prove in the fu­ture. The At­las methanol plant, in which Methanex holds a 63.1 per cent eco­nom­ic in­ter­est, al­so re­mains in­def­i­nite­ly idled.