The National Gas Company of Trinidad and Tobago will soon be able to purchase blue methanol for trading.
It comes following the culmination of negotiations between NGC Petrochemical Limited, Gulf Coast Methanol, and its US-based parent company, IGP Methanol.
The sales agreement will allow NGC to acquire the low-carbon petrochemical commodity from IGP’s Gulf Coast Methanol plant in Louisiana, which is being developed to supply the rapidly growing demand for ultralow-carbon methanol.
NGC President Mark Loquan says the company sees the enormous potential value to be tapped in the area of blue and green energy commodity trading.
He believes the partnership with IGP Methanol also gives NGC a unique opportunity to expand its foothold commercially.