Renewable Energy Electricity Generation
Trinidad and Tobago has a target of 30% of electricity from renewable sources by 2030, as such, the country has placed its focus on solar PV and wind (offshore and onshore) energy electricity generation. Trinidad and Tobago has favourable solar irradiation levels and (being an island) there is particular interest in offshore wind energy technology deployment. Projects are currently being assessed and developed along these lines.
Manufacturing of Solar and Wind Components
Trinidad and Tobago is positioned to become a manufacturing centre for renewable energy components for the solar and wind energy industry to support the growing demand in the Caribbean and other end markets in the Americas. To service this demand, Trinidad and Tobago proposes a manufacturing cluster to ensure synergies and cost efficiencies.
Green Hydrogen and Green Chemicals
Several factors facilitate a fantastic opportunity for the development of a green hydrogen economy with production of green chemicals in Trinidad and Tobago:
- High specialisation in gas and oil with the corresponding and adaptable infrastructure
- Industry’s focus on low carbon ammonia and methanol production
- Trinidad & Tobago and the Caribbean region have tremendous renewable energy potential and plans, which would be integrated in the roadmap for transitioning into a green hydrogen economy
The first carbon neutral hydrogen production facility in Trinidad and Tobago is currently under development.
Energy Storage - Battery Assembly
Energy storage is a rapidly growing segment of the clean energy sector, and prices have dropped dramatically over the last several years. Trinidad and Tobago invites potential investors to propose battery component assembly and manufacturing projects as well as energy storage projects.
Alternative Fuels & Fuel Additives - CNG, LNG, Petrochemicals for Fuels, DME
The development, production and utilization of alternative fuels and fuel additives is important for increasing the efficiency of transportation fuels and minimizing the carbon footprint from fossil fuels sources for both on-land vehicles and for offshore vessels. As such, projects associated with the use of CNG, LNG, methanol, ammonia and DME are in various stages of assessment for development of projects in Trinidad and Tobago, and the Caribbean region.
Metals Processing – Aluminum
The processing of metals provides the platform for the creation of substantial employment opportunities, the development of specialized skill-sets, as well as technology transfer in the development of new products. The metals processing industry is also power-intensive which can be supported by the competitively priced electricity cost in Trinidad and Tobago. Examples of downstream industries that can be established from a metals-processing industry can include:
- Galvanized materials
- Roofing materials
- Cable, Wire
- Skid & Vessel platforms
- Pressure Vessels, Storage Tanks
- Wire, Cable, Rods
- Angles, Flats, Billets
- Roofing materials
- Vehicle body parts
- Doors & Windows
Downstream Methanol - DME and Plastics
The development of a clean plastics manufacturing industry as a component of downstream petrochemical production is of significant importance for deepening of the value chain of the energy industry. This would also lead to a more vibrant consumer/manufacturing industry inclusive of a vast variety of plastics products, for both domestic and export demand.
Downstream Ammonia - Urea, Fertilizer Applications
There is opportunity for the establishment of smaller gas-based industries with minimal impact on resources and infrastructure, using the output from primary chemical production facilities or by developing fully integrated processing plants. Downstream ammonia products can contribute to a variety of consumer products that are in high demand, such as fertilizers, which are used to enhance food production.
Since processing industries for inorganic chemicals do not primarily rely on natural gas as a raw material, there is a broad scope for developing these products in Trinidad and Tobago. Examples of such applications include food preservatives, water treatment chemicals, industrial chemicals, and pharmaceuticals. Such industries are not highly capital intensive and are relatively easy to establish in terms of resources and raw material requirements.
Biochemicals – Natural Gas to Protein
Protein consumption is necessary for the health and benefit of living organisms. Protein can add quality and physical profile to food and can enter the market, even as an additive to food products. In order to lower prices of food products and maintain a high amino acid content in a healthy products, synthetic protein can be safely added into a variety of food products.
The natural gas requirement and other utlities/inputs that are required for the production of single-cell protein is minimal, when compared to the dominant petrochemical industry. Additionally, the develpment of specialized skill-sets and opportunities for research and development would be avaialbe and required for the development of such an industry.
A Seamless Approval Process
Our ttEngage Investor Platform is available to registered investors. This online platform was created to improve the investor’s experience by reducing the timeline for project approval by as much as 20%. ttEngage provides a seamless experience for companies interested in investing in Trinidad and Tobago’s gas and energy-based industries. It allows the early and parallel engagement of state-agencies required for the investment approval process.
Investors are invited to register on our ttEngage Investor Platform at https://registration.ttengage.tt/ and to submit your project proposals.
You may also contact us for further information:
Manager, Investment Facilitation