Methanex (MEOH) Provides Update on Trinidad Operations

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Go back to Methanex (MEOH) Provides Update on Trinidad Operations

Methanex Provides Update on Trinidad Operations

January 7, 2021 8:15 AM EST

VANCOUVER, British Columbia, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX: MX) (NASDAQ: MEOH) announced today that it expects its Titan methanol facility (Titan) in Trinidad (875,000 annual operating capacity) will remain idled indefinitely. As a result, the Company has made the decision to restructure its Trinidad operations to support a one-plant operation and reduce its Trinidad workforce by approximately 60 positions filled by employees and long-term contractors.

To date, we have not been successful reaching an agreement for an economic longer-term natural gas... More