NiQuan gas-to-liquids processing plant

ON SCHEDULE: The NiQuan gas-to-liquids processing plant, which is located in the Pointe-a-Pierre compound of the mothballed Petrotrin refinery.

NIQUAN Energy Trinidad (NiQuan), the energy start-up that purchased the rights to Petrotrin’s abandoned Gas-to-Liquids (GTL) plant, went to market in May to raise US$100 million.

The company issued a bond, for an 18-month term to meet its construction completion date of December 31, 2019, repay indebtedness and for general corporate purposes. In May, NiQuan also received an equity injection of US$20,206,485. The local collateral agent for the bond is Republic Bank.

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