TSX:MXChemicals
The Bull Case For Methanex (TSX:MX) Could Change Following Indefinite Idling Of Trinidad Titan Plant
Methanex Corporation recently announced that it was unable to secure a new natural gas contract for its 860,000-tonne-per-year Titan methanol plant in Trinidad and Tobago and will begin the process of indefinitely idling the facility ahead of the current contract’s expiry in the third quarter of 2026.
While Titan and the already-idled Atlas plant are preserved for a potential restart if conditions improve, Methanex does not expect material cash costs from this decision, underscoring how...