With the main facilities in Point Lisa Industrial Estate in the natural gas-rich Trinidad and Tobago, MHTL ranks among the largest methanol producer in the world.
From its annual production of 4 million tonnes per year (t/y)MHTL is the first methanol supplier of methanolto its neighboring USA.
Even if Trinidad and Tobago is one of the most competitive country to produce methanol, the development of the US shale gas represents a potential threat to all importers.
As the largest importing company MHTL is more exposed than any other to any potential emerging competition, unless to lead the development of this domestic production.
In that respect the G2X Energy Big Lake Fuels project represents a unique opportunity for MHTL to expand its foot print in North America.
For thirty years G2X Energy is using alternative technologies to the well-known Fisher-Tropsch principle to convert natural gas into liquids fuels.
Since the profitability of the gas-to-liquids (GTL) facilities is based on the gap between the gas price on the supply side and the oil price on the demand side, the US represents one of the best opportunity to invest in this sector.
Even with a barrel price at $40 this process remains attractive when the gas price stabilize around $5 per million BTU.
MHTL to control the whole gas-to-liquid value chain