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Methanex Corporation will be indefinitely idling its Titan methanol plant in Pt Lisas as it said yesterday it was unable to agree to a new natural gas contract.
In a release, the Vancouver, BC, Canada-based company stated, “Methanex Corporation announced today that it has been unable to agree to a new natural gas contract for its Titan methanol plant in Trinidad and Tobago (860,000 tonnes per year capacity) and, as a result, will begin the process of indefinitely idling the facility.”
It stated that Titan’s existing natural gas contract expires in September.
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