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12-20-2007

Basell: Polypropylene Complex in Trinidad and Tobago

Basell, the National Gas Company of Trinidad and Tobago, Ltd. (NGC), and the National Energy Corporation of Trinidad and Tobago, Ltd. (NEC) announced that they have entered into a Memorandum of Understanding (MOU) confirming their intention to construct and operate a fully integrated polypropylene complex in Trinidad and Tobago.

The MOU includes the construction of a methanol plant, which will exclusively supply a methanol-to-propylene unit at the complex. The propylene produced at the complex will be the feedstock for a world-scale 450kt per year polypropylene plant based on Basell’s Spherizone technology. Start up is tentatively scheduled for 2012. The whole project will be undertaken in conjunction with Lurgi AG, the industry leader in methanol and methanol-to-propylene (MTP) technology. The polypropylene complex is one of the cornerstones of the country’s strategy to promote downstream diversification and to build the foundation for a value adding local plastics industry.

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