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Sabic in Talks to Invest in Methanol-to-Petrochemicals Project in Trinidad

10:00 AM MST | February 9, 2012 | Natasha Alperowicz

Sabic appears to be the favorite to win a proposal to invest in a huge methanol-to-petrochemicals complex in Trinidad. The complex with an estimated value of $5.3 billion, is expected to be built at Point Lisas. Previously, the project was destined to be constructed at a less developed site at La Brea. Reports, citing Sabic’s CFO Mutlaq Al Morished, say the company is in talks “over a potential methanol venture in Trinidad.” The news that Sabic is favorite to win the bid to invest in the project led to a strong reaction from Beatrice Wilkinson...

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