Methanex Provides Update On Trinidad And Tobago Operations
Portfolio Pulse from Benzinga Newsdesk
Methanex Corporation has signed a two-year natural gas agreement with the National Gas Company of Trinidad and Tobago for its Titan methanol plant to restart operations in September 2024. Concurrently, Methanex plans to idle the Atlas methanol plant in September 2024, when its 20-year natural gas agreement expires.
October 13, 2023 | 12:21 pm
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Methanex's new gas agreement and the planned idling of the Atlas plant could impact its production capacity and costs, potentially affecting its financial performance.
The new gas agreement allows Methanex to restart its Titan plant, potentially increasing its production capacity. However, the idling of the Atlas plant could reduce capacity and increase costs, creating uncertainty about the net impact on Methanex's financial performance.
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