TTMC buyout will consolidate ownership

Journal Article · Wed Apr 16 00:00:00 EDT 1997 · Chemical Week

OSTI ID:549229

Morris, G D.L.

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, Vol. 159, Issue 15; Other Information: PBD: 16 Apr 1997
• Country of Publication: United States
• Language: English

Related Subjects

09 BIOMASS FUELS
METHANOL
CONTRACTS
SALES
MARKETING
SUPPLY AND DEMAND
PRODUCTION
METHANOL PLANTS
CAPACITY
OWNERSHIP
TRINIDAD AND TOBAGO