Methanex Corporation will indefinitely idle its Titan methanol plant in Trinidad and Tobago after failing to agree on a new natural gas contract. The facility, with an annual production capacity of 860,000 tons, will begin preservation as its existing contract expires in the third quarter of 2026. The company said the decision was difficult but necessary to preserve long-term shareholder value, citing structural imbalances in Trinidad and Tobago's natural gas market that have made operations commercially unviable. The Titan plant is not currently contributing to adjusted EBITDA or adjusted free cash flow, and the shutdown is not expected to result in material cash costs. Methanex's Atlas methanol plant, in which it holds a 63.1% economic interest, will also remain indefinitely idled in a preserved state.
Methanex CorporationMethanex is indefinitely idling its Titan methanol plant due to inability to secure natural gas supply, reducing production capacity.
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