In September 2008, LyondellBasell Industries announced that its Basell Service Company B.V. subsidiary had signed an agreement with four other parties to evaluate the construction and operation of a fully integrated propylene complex in the Caribbean island country of Trinidad and Tobago. The other parties include the Government of Trinidad and Tobago, The National Gas Company of Trinidad and Tobago, Ltd. (NGC), National Energy Corporation of Trinidad and Tobago (NEC), and Lurgi GmbH.
According to LyondellBasell, the facility will produce 490 KT of polyolefins based on three world-scale plants: a methanol plant, a methanol-to-propylene plant (MTP), and a polypropylene plant. Lurgi's MegaMethanol and MTP technologies will produce the propylene, and these technologies will supply feedstock to the polypropylene plant. The polypropylene plant will be based on LyondellBasell's Spherizone technology.
LyondellBasell CEO Volker Trautz said his company's primary goal is to establish a sustainable local and regional supply of polyolefins to the emerging local plastics industry, to growing South American markets, and to existing large North American markets. Trinidad and Tobago's government, meanwhile, aims to develop the second- and third-derivate industries from natural gas. "The polyolefin industry is one such industry identified for development as it is viewed as a building block for expansion of the local plastics manufacturing sector," said Andrew Jupiter, NEC President.
The new complex is expected to begin operations in late 2012.