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:
Start up of the TTMC 1 Plant (first methanol plant in Trinidad) 1,200 tonnes per day
TTMC 1 debottlenecked from 1,200 tonnes per day to 1,380 tonnes per day
Start up of CMC plant, 1,500 tonnes per day
Partial divestment of Government shares in TTMC to Ferrostaal AG and Helm AG
Start up of TTMC II, 1,650 tonnes per day
TTMC fully divested to Clico, Ferrostaal AG and Helm AG
Start up of MIV 1,650 tonnes per day
Formation of Methanol Holdings (Trinidad) Limited
Operational consolidation of TTMC, CMC and MIV completed
Amalgamation of TTMC, CMC and MIV
Start up of M5000, 5,400 tonnes per day
Start up of AUM Ammonia plant, 1,850 tonnes per day
Start up of UAN plant, 4,300 tonnes per day
Start up of Melamine 2 plant, 90 tonnes per day
Start up of Melamine 1 plant, 90 tonnes per day
Consolidated Energy Limited (CEL) becomes the sole shareholder of MHTL