Major Methanol producers of the world have stalled their production or has put on halt to the new expansion capacity. Around 2.2m tonnes/year of methanol production capacity has been idled already due to the weak market environment, including Methanex’s Titan plant in Trinidad and Tobago, Chile IV plant, as well as the Methanol Holdings Trinidad Limited’s Point Lisas, Trinidad and Tobago plants. South Louisiana Methanol (SLM), in a letter to the Louisiana Department of Environmental Quality, requested an extension for permits of its methanol project in St James Parish, LA, US, saying construction was put on hold for an indefinite period. The situation is likely to last for few more months due to this pandemic across the world.
