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Opportunities for Investment in Trinidad and Tobago


National Energy which has been at the centre of the evolution of the downstream energy sector is continuously exploring ideas and concepts along the lines of the focus industries for developing into projects that add value to both investors and the country. National Energy welcomes and works with investors to bring projects to fruition.

Key industries and Project opportunities for investment are provided below:

Renewable Energy - Solar Energy Park Project


Trinidad and Tobago is well-known for exploiting its hydrocarbon resources for the benefit of all citizens. However, we are blessed with other energy sources year round which we are yet to tap into in comprehensive manner. The Government of Trinidad and Tobago policy is to maximize where possible the use of renewable energy and to reduce the country’s carbon footprint.

It is in this context that National Energy is leading the development of an integrated Solar Energy Park comprising of all the necessary facilities to manufacture Photovoltaic (PV) modules from silicon.

We have already identified sites with ready access to ports for locating the complex and a feasibility study has been completed.

Investors in this project will benefit from:
  1. competitive and reliable utility supplies
  2. Sites prepared for heavy industrial activity
  3. Established logistic services including port and marine infrastructure
  4. raw material from neighbouring Caribbean Community (Caricom) countries
  5. skilled and highly-trained labour force
  6. investment incentives under the Fiscal Incentives Act
  7. access to the local market and through trade agreements access to the regional and extra-regional markets.

We welcome investment in this new and transformative industry to our shores.

Energy-based Manufacturing - Integrated Melamine and Downstream Project


An integrated melamine-based cluster will involve the use of locally available methanol and melamine to produce further downstream intermediate products such as formaldehyde, paraformaldehyde, and melamine formaldehyde resin. These in turn will be used to convert base lumber, sourced both locally as well as from neighbouring Caricom countries, to produce commodities such as Oriented Strand Board (OSB) and Veneer Board. The waste nitrogen from the resin reaction can be used to produce fertilizers.

Investors can take advantage of:
  1. Competitive and reliable utility supplies
  2. Sites prepared for heavy industrial activity
  3. Established logistic services including port and marine infrastructure
  4. Local source of raw material
  5. A strong energy services industry
  6. Investment incentives under the Fiscal Incentives Act
  7. Skilled and highly-trained labour force
  8. Access to the local, Caribbean and Americas construction industries

We welcome investors interested in working with us to develop this pioneering project which will provide the impetus for creating the linkage between our energy sector and other industries both locally and regionally and provide an investor with access to emerging markets in the region.

Petrochemicals


Methanol and Downstream


In 2014, Trinidad exported approximately 5.6 million metric tonnes of methanol. National Energy is desirous of developing the downstream opportunities from methanol such as:
  1. Plastic resins
  2. Acetic Acid
  3. Formaldehyde
  4. Propylene Oxide

Other areas for potential investment include acrylates, acrylic acid and Oxo alcohols. In addition to the above, National Energy welcomes any other proposals for consideration.

Ammonia and Downstream


In 2014, Trinidad exported approximately 4.5 million metric tonnes of ammonia. National Energy is seeking investment for an ammonia and downstream complex utilizing natural gas to produce ammonia and its derivatives such as urea, urea ammonium nitrate (UAN), Melamine and Diammonium Phosphate (DAP).

Going beyond methanol and ammonia is a desire of the Government of Trinidad and Tobago and therefore proposals for projects that will enable this will be encouraged and such investment would enjoy benefits afforded under the Fiscal Incentives Act and the amenities present in the country.

Inorganic Chemicals


Trinidad and Tobago is desirous of developing an inorganic chemical industry in an effort to further diversify the downstream energy sector. As such, National Energy is seeking to attract and work with interested companies wanting to develop an inorganic chemical producing facility in the island. National Energy has explored an integrated caustic soda complex, but this is not limited to investments in only caustic soda production. Investors are welcome to establish other types of inorganic facilities in the country.

Strategic Advantage for Inorganic Chemical Projects in Trinidad and Tobago include:


  1. competitive and reliable utility supplies
  2. sites prepared for heavy industrial activity
  3. established logistic services including port and marine infrastructure
  4. raw material sources from neighbouring Caricom countries
  5. a strong energy services industry
  6. skilled and highly-trained labour force
  7. investment incentives under the Fiscal Incentives Act
  8. access to the local market and through trade agreements access to the regional and extra-regional markets.
We welcome investment in this industry that would afford an investor potential for the production of a wide range of consumer and industrial products.

 

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