Description of the Sector
Trinidad and Tobago’s ready and abundant source of clean energy from natural gas presents an advantage in lowering the carbon footprint of clean technology manufacturing processes such as solar panels and plastics recycling, as well as the providing low costs of production.
Key factors include:
- Large natural resource base that allows for low costs of production
- One of the lowest costs per unit of power in the world
- Competitive real estate prices
- Governmental support in development of new clean technology firm via specific incentives and cluster development initiatives.
- Collaboration between T&T and USA in the proposed Renewable Energy Research Center in T&T.
- High quality secondary and tertiary education system.
- A large pool of specialized skilled labour and skill specific training programmes.
- Politically and economically stable.
- Moderate inflation rate, largely insulated from global slowdown, stable currency.
- Low risk of business disruption
- SOLAR ENERGY
- Polysilicon refining plant
- Float glass plant
Solar photovoltaic modules manufacturing
- Recycling of tyres, batteries and other waste
- Land site remediation
PET and other Plastics
- WASTE MANAGEMENT
- Stream and ground water augmentation
- Application of membrane separation technology
Trinidad and Tobago can provide an extended market of 947 million people through: Trade Agreements with Venezuela, Colombia, the Dominican Republic, and Costa Rica, France, USA, Canada, Cuba, Europe.