NiQuan Energy Trinidad Limited's Gas to Liquids Plant (NiQuan GTL) in Pointe-a-Pierre, Trinidad, West Indies, achieved on-specification delivery to its product storage tanks. With a 2,400-bpd capacity,NiQuan’s plant has achieved commercial readiness status. This historic milestone positions NiQuan as having the first commercial small-scale GTL plant of its kind in the world and the first operational plant of its kind in the Western Hemisphere.
NiQuan Energy has been working assiduously with its contractors and is well advanced to complete all necessary safety processes items according to Hazard and Operability Analysis (HAZOP) and Layers of Protection Analysis (LOPA) standards, in preparation for the restart of the GTL Plant.
Making the best of an unprecedented year, the Ministry of Education introduced the “No Child Left Behind” online learning programme. It was a critical step in protecting Trinidad and Tobago’s education sector and making sure that children don’t lose out on an entire academic year. As part of the Ministry’s initiative to help supply students in need with laptops, NiQuan Energy stepped up to donate 20 computers to local schools.
Much can be done to de-risk a major energy project, but nothing compares with the positive impact of starting with a plant that’s already 85% mechanically complete (now 90% at the time of writing). This was the case with the GTL plant at Pointe-à-Pierre in Trinidad, however, when NiQuan Energy acquired title to the plant, a business decision was made to build as strongly as possible on this advantage by adopting a Project Execution Plan which actively sought to de-risk the project even further and as far as was commercially practical.
Diesel began with Rudolf Diesel who, after several false starts, successfully developed his compression ignition engine in the 1890s. Though Diesel himself died in mysterious circumstances in 1913, the new engine quickly replaced steam engines and gained a reputation for greater fuel efficiency than its rivals, as well as greater durability and a longer service life.
Trinidad and Tobago is set to join a very exclusive group of gas-producing countries in the second quarter of 2020
CariCRIS REAFFIRMS ‘GOOD’ CREDITWORTHINESS FOR NiQUAN ENERGY TRINIDAD LIMITED
NiQuan Energy Trinidad Limited has been awarded a full corporate credit rating of A+, confirming the provisional A+ awarded last year.
CariCRIS specifically identified low construction risk, commercially-tested technology, a favourable gas supply and offtake arrangements, strong demand for GTL products and a knowledgeable and experienced team as key factors behind their decision.