TTMC buyout will consolidate ownership
CW has learned that the privatization of the Trinidad and Tobago Methanol Co. (TTMS; Point Lisas, Trinidad) is the first step in a consolidation of ownership and marketing of methanol produced on the island. A consortium made up of chemical distributor Helm (Hamburg), engineering firm Ferrostaal (Essen), and Colonia Life Insurance (Clico; Port of Spain, Trinidad) will buy the government`s 69% of TTMC, displacing a bid by Methanex. TTMC owns and operates two methanol plants, M1 and M3. They produce 460,000 m.t./year and 550,000 m.t./year, respectively, and were designed and built by Ferrostaal. Helm markets half of TTMC`s output, with the remainder locked into contracts that run through 2000.
- OSTI ID:
- 549229
- Journal Information:
- Chemical Week, Journal Name: Chemical Week Journal Issue: 15 Vol. 159; ISSN CHWKA9; ISSN 0009-272X
- Country of Publication:
- United States
- Language:
- English
Similar Records
Methanex cuts its methanol costs with Fletcher purchase
Methanex carves out an even larger position in methanol market