Approximately 80 employees at NiQuan Energy Trinidad Limited will be out of work at the end of this month.
The company's founder, Ainsley Gill, informed staff members on Tuesday that expected funding will not materialise as planned, leading to the mothballing of the gas-to-liquids plant.
Mr Gill said the disproportionate curtailment of gas supply suffered by NiQuan, followed by the wrongful termination of the gas supply contract, has left the company with no other alternative.
The troubled gas-to-liquids plant was placed in asset-preserving silent mode last September due to a lack of natural gas and financial constraints.
In August last year, NiQuan lost its bid for an injunction against the government to compel the state to resume its natural gas supply.
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