M5000 Methanol Plant

Industrie:
Petrochemical Industry
Land:

The largest methanol plant in the world at its time

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The success story of a winning team: in the eighties, Lawrence Duprey, today CEO of Methanol Holdings (Trinidad) Limited (MHTL) had the idea of setting up the first privately owned methanol plant in Trinidad. If this plan was to be soundly executed he realised he had to find a general contractor who could undertake two key functions: the project management and the project development for the construction and financing of this large-scale industrial project. We were chosen because Ferrostaal provides the whole range of skills and know-how needed. In order to build the first plant on a financially sound foundation we embarked together on new paths. Together we developed a financing model highly specific to this sector - an innovative business concept that changed the traditional role of the general contractor in large-scale plant construction. This concept provided not only for the transfer of the turnkey plant to the new owner, but involved us as investor and shareholder, accompanying the plant's economical operations over its whole lifetime. In the meantime we have succeeded in implementing this participation model, e.g. for the construction of the world's largest methanol plant M5000 in Trinidad, whose size and extent proved a true challenge to us from the very outset.

Overview

Type of contract

EPC

Client

Methanol Holdings (Trinidad) Ltd. (MHTL)

Project

5,000 MTPD methanol plant

Plant capacity

over 5.400 tons/day (appr. 1,9 Mio. tons/year)

Plant site

Trinidad, Point Lisas, Industrial Estate

Partners

JM (incl Davy) (Technology and Engineering), Proman (Construction), MHTL (Client)

Turnkey handover

2005

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