Trinidad downstream to get $3.5 bln: report

Trinidad and Tobago could see USD 3.5 billion in downstream investments over the next four years, local media reported over the weekend.

State-owned National Energy listed six projects in a document the Sunday Guardian obtained from the Ministry of Energy and Energy Industries. The projects include a methanol-to-polyolefin plant, derivative melamine-based project, TTPV wind plant, four-plant solar park cluster, aluminium ingot processing wire and cable plant, and an aluminium ingot processing flats complex.

“The estimated capital investment for these projects is [USD] 3.5 [billion]. All of these projects except for the methanol-to-polyolefin project are expected to use a minimal volume of natural gas,” the ministry document reportedly says.

National Energy refused to confirm the document, citing confidentiality concerns, but in its written response to the Sunday Guardian it said, “National Energy, consistent with its mandate from GORTT [government of the Republic of Trinidad and Tobago], is currently developing a range of projects in the national interest of Trinidad and Tobago.”