“A TRIUMPH, A RESOUNDING SUCCESS”
NiQuan Energy’s Gas to Liquids plant at Pointe-à-Pierre
NiQuan Energy’s Gas to Liquids plant at Pointe-à-Pierre
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.
For the third year in a row and in yet another demonstration of the strength of our project, NiQuan Energy Trinidad Limited has been rated A+ by CariCRIS.
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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.
CariCRIS assigns ‘good’ project finance ratings to the proposed US $85 million senior secured syndicated loan of NiQuan Energy Trinidad Limited. Download the full press release here.
Click here to see NiQuan Energy's interview on Business Edge with Asha Javeed and Anthony Wilson.
Long-anticipated consummation of the Sale and Purchase Agreement makes NiQuan Energy the proud owner of the Gas to Liquids plant at Pointe a Pierre.
NiQuan Energy Trinidad Limited
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