Energy Minister dismisses claims of “severe threat” to Point Lisas estate


    Claims that the Point Lisas Industrial Estate is under severe threat have been deemed inaccurate by Energy Minister Franklin Khan.

    Speaking during the post-cabinet media briefing, Mr Khan acknowledged several challenges in the petrochemical industry, including reduced commodity prices.

    However, he said three major companies at the estate have committed to long-term operations in T&T.

    Mr Khan said an ammonia plant idled by Nutrien only accounts for 15-16% of their production while MHTL yesterday agreed to keep its M5000 plant operational for the rest of the year while negotiations on a long-term contract continue.

    The Minister noted that the MHTL plant is the world’s largest methanol plant and is the most efficient at the estate.