Saudi Basic Industries Corporation (SABIC) has rolled back its plan to set up a US$ 5.3 billion methanol plant in the Caribbean nation of Trinidad and Tobago.
Saudi Basic Industries Corporation (SABIC) has rolled back its plan to set up a US$ 5.3 billion methanol plant in the Caribbean nation of Trinidad and#
The negotiations for constructing a methanol complex were stopped after SABIC and the Trinidad Government failed to agree on the fundamental conditions for the project, SABIC said in a statement.
Saudi Basic Industries Corporation (SABIC) has rolled back its plan to set up a US$ 5.3 billion methanol plant in the Caribbean nation of Trinidad and#
Meanwhile, Trinidad Energy Minister Kevin Ramnarine said the failure to agree on the price of natural gas was the main reason for scrapping the proposed project.
Saudi Basic Industries Corporation (SABIC) has rolled back its plan to set up a US$ 5.3 billion methanol plant in the Caribbean nation of Trinidad and#
The natural gas for the methanol plant was to be supplied by the National Gas Company of Trinidad and Tobago and hence an agreement on the price and tenure of supply of gas becomes crucial for the project.
Saudi Basic Industries Corporation (SABIC) has rolled back its plan to set up a US$ 5.3 billion methanol plant in the Caribbean nation of Trinidad and#
Trinidad and Tobago is the second-largest energy producer in the Caribbean, next only to Venezuela.
Saudi Basic Industries Corporation (SABIC) has rolled back its plan to set up a US$ 5.3 billion methanol plant in the Caribbean nation of Trinidad and#
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