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Senior Political Reporter
The exit of Methanex—the world’s largest producer and supplier of methanol—removes millions of dollars in potential methanol exports from Trinidad and Tobago’s economy, along with billions in foreign exchange earnings, while threatening jobs and investor confidence, former United National Congress (UNC) minister Vasant Bharath says.
“The hammer blow announcement that Methanex will indefinitely idle its Titan methanol plant should serve as a wake-up call rather than simply another unfortunate business decision. Whether the Government understands or accepts this fact will have significant implications for citizens, particularly since every large petrochemical plant supports an extensive ecosystem of businesses and employees,” Bharath said yesterday.
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