Methanex, the world’s largest methanol producer, has idled its Titan plant in Trinidad, a direct consequence of tightening natural gas supplies on the island.
The decision, announced on June 29, marks a significant contraction in global methanol capacity and underscores the severity of the energy squeeze affecting the Caribbean region.
The shutdown serves as a tangible indicator of the broader supply constraints gripping Latin America’s energy sector.
As natural gas becomes scarce, industrial consumers are facing forced curtailments, with major producers like Methanex opting to halt operations rather than compete for limited feedstock.
This development adds to growing concerns about regional energy security and its impact on downstream chemical markets.
The situation in Trinidad mirrors wider disruptions across the continent.