Power32, Proman’s wholly owned methanol‑to‑power subsidiary, is this week at the CARILEC CEOs’ and Leaders Conference in Barbados—delivering a crucial and timely message on energy security, resilience and affordability across the Caribbean.
As island nations once again face up to the impact of volatile fuel prices, driven by geopolitical uncertainty, Power32 is engaging directly with utilities and governments as they seek to replace ageing energy infrastructure and build a more resilient energy future.
At the conference, Power32 Managing Director David Knipe will set out the central challenge facing the region, which has created persistent vulnerability for Caribbean energy systems: rising electricity demand, ageing assets, constrained public finances and fragile global supply chains.
He will also underline how methanol resolves that paradox thanks to the security of locally produced methanol, affordability linked to fixed pricing structures, and lower emissions driven by methanol’s cleaner burning properties and net zero pathway.
David Knipe, Managing Director, Power32, said:
“When fuel prices spike, the consequences ripple across entire economies. For island nations without domestic alternatives, the choice has long been stark—absorb the shock or pass it on to consumers. But that cycle doesn’t have to continue. Methanol provides a reliable, affordable power solution that strengthens energy systems, supports economic resilience and delivers lower emissions.”
Anand Ragbir, Executive Director, Proman Trinidad, added:
“Trinidad and Tobago’s well established and globally recognised methanol industry positions us as a strong solution to support the Caribbean’s energy needs; able to deliver secure, cost-effective and cleaner methanol power across the region, while supporting jobs and communities at home.
Methanol’s versatility is what underpins its global growth. Whether as a fuel for power generation, shipping or road transport—or as a critical chemical building block—its applications continue to expand, along with global demand.”
