History

History

Methanol Holdings (Trinidad) Limited (MHTL), was formed in 1999 and became the amalgamated entity and successor company of its former subsidiary companies, Trinidad and Tobago Methanol Company (TTMC), Caribbean Methanol Company Limited (CMC) and Methanol IV Company Limited (MIV), in 2004 following a group restructuring and amalgamation.

From the start-up of the first plant in 1984, the company has aggressively and consistently pursued a growth strategy. Whilst the company was formerly only a methanol producing company, with production capacity of 4,100,000 tonnes of methanol annually, it is now a multi-product petrochemical company with the addition and start-up of its AUM facility in 2010 which produces Ammonia, UAN 32% solution and Melamine.

The company’s M5000 methanol plant, which was commissioned in 2005, is still rated as the largest methanol plant in the world with a designed capacity of 5,400 tonnes per day.

In October 2014, Consolidated Energy Limited (CEL), which is headquartered in Barbados became the 100% shareholder of MHTL.

The two shareholders of CEL are:

Proman AG based in Switzerland. http://proman.org/
Helm AG based in Germany: http://www.helmag.com/

Historical Timeline

April 1984

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Start up of the TTMC 1 Plant (first methanol plant in Trinidad) 1,200 tonnes per day

June 1990

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TTMC 1 debottlenecked from 1,200 tonnes per day to 1,380 tonnes per day

October 1993

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Start up of CMC plant, 1,500 tonnes per day

June 1994

Partial divestment of Government shares in TTMC to Ferrostaal AG and Helm AG

March 1996

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Start up of TTMC II, 1,650 tonnes per day

May 1997

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TTMC fully divested to Clico, Ferrostaal AG and Helm AG

March 1998

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Start up of MIV 1,650 tonnes per day

March 1999

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Formation of Methanol Holdings (Trinidad) Limited

March 2000

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Operational consolidation of TTMC, CMC and MIV completed

December 2004

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Amalgamation of TTMC, CMC and MIV

September 2005

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Start up of M5000, 5,400 tonnes per day

April 2009

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Start up of AUM Ammonia plant, 1,850 tonnes per day

January 2010

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Start up of UAN plant, 4,300 tonnes per day

May 2010

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Start up of Melamine 2 plant, 90 tonnes per day

November 2010

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Start up of Melamine 1 plant, 90 tonnes per day

October 2014

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Consolidated Energy Limited (CEL) becomes the sole shareholder of MHTL