Energy Industry Development
 
 
The objectives of the Energy Industry Development Department (EID) are founded on the company’s strategic goal of creating national value through the promotion and development of viable energy-based industries.  The department’s business activities include:

 
EID is responsible for attracting and managing energy-based investments to Trinidad and Tobago. The aim is to ensure that strategic projects are undertaken, which would monetize the country’s natural gas resources through the production of value added products, as well as to promote the sustainable development of the country through energy-based initiatives.

In carrying out its mandate, EID identified six focus areas/industries for development, namely petrochemicals, plastics, metals, bio-chemicals and specialty chemicals, renewable energy and inorganic chemicals.
National Energy’s business development activities involve:
Project Evaluation and Selection
 
By Cabinet decision, all projects requiring natural gas as feedstock and/or fuel are to be evaluated according to a suite of eleven criteria. These criteria include, inter alia, Degree of value added, Environmental Impact, Capital Expenditure, Degree of Local Content and Energy Efficiency.

This approach provides a transparent mechanism for project selection.
Project Economic and Risk Analyses
 
EID either on its own or in collaboration with potential investors and other key stakeholders assesses proposed projects to determine their economic viability.  Economic and risk analyses form the basis for moving a project through various stage gates towards the start of construction.
Project Development and Management
 
EID provides support to potential investors in further defining and developing their project ideas, from conceptualization to construction and implementation.
A major aspect of adding value to the natural gas resource is the development of downstream energy industries, now employed as a key strategy for securing economic and social benefits to the citizens of Trinidad and Tobago. Downstream industries involve the production of secondary and tertiary derivatives which attract higher prices in the international market. This results in greater value being added to the nation’s natural gas resource. Investments in downstream industries also create increased opportunities for higher levels of employment during plant construction and commercial operations. At present, locally produced melamine is a tertiary derivative of ammonia, which is produced at the Point Lisas Industrial Estate. This commodity is being targeted for immediate downstream development in the thrust towards linking the energy and manufacturing sectors.

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