Why is Methanex shutting down the Titan methanol plant in Trinidad and Tobago?

Methanex is shutting down the Titan methanol plant because it failed to reach an agreement on a new natural gas supply contract, and the existing contract expires in the third quarter of this year. As stated by CEO Rich Sumner, the long-term structural imbalance between natural gas supply and demand in Trinidad and Tobago has persistently increased production costs, rendering the plant commercially unviable.

What is the capacity and ownership structure of the Titan methanol plant?

The Titan methanol plant has an annual production capacity of 860,000 tonnes, and Methanex holds a 63.1% controlling stake in the facility.

Methanex Plans to Shut Down Titan Methanol Plant in Trinidad and Tobago

Jul 7, 2026

Methanex announced plans to shut down its Titan methanol plant in Trinidad and Tobago due to unsustainable natural gas costs and contract expiration. The 860,000-ton annual capacity facility will enter care and maintenance mode.

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Methanex Plans to Shut Down Titan Methanol Plant in Trinidad and Tobago

Methanex Plans to Shut Down Titan Methanol Plant in Trinidad and Tobago

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