Home / Knowledge / News / Textiles / Mitsubishi finalises Methanol plant in Trinidad & Tobago
Mitsubishi finalises Methanol plant in Trinidad & Tobago
08
Sep '15
Three divisions of Japan based Mitsubishi Group said they have reached a final investment decision for the construction of a methanol and dimethyl ether plant to be constructed in Trinidad and Tobago.

Mitsubishi Gas Chemical (MGC), Mitsubishi Corporation (MC) and Mitsubishi Heavy Industries (MHI) have finalised the same with Japan Bank for International Corporation (JBIC) and the Bank of Tokyo-Mitsubishi UFJ (BTMU).

“This step signals a step forward towards implementing the project, which is being set-up in partnership with National Gas Company of Trinidad and Tobago Ltd. (NGC) and Trinidad and Tobago's Massy Holdings Ltd.

Methanol is made mainly from natural gas and is used in a wide range of products, including adhesive agents, agricultural chemicals, paints, synthetic resins, and synthetic raw materials.

Dimethyl ether can be used as a substitute for LPG or as a substitute for diesel in automobiles and in power generation and so is considered a source of next-generation clean energy.

Methanol produced under the project will be marketed worldwide by MGC, MC and Massy and the company will also work closely with the government to promote use of dimethyl ether as a substitute for diesel.

“Plant design and construction will be undertaken by MHI under an EPC contract with the parties,” a Mitsubishi press release informed.

According to Mitsubishi, global demand for methanol is currently 65 million tons per year, and this demand is expected to see continued growth in keeping with growths in GDP.

The company will by using natural gas produced in Trinidad and Tobago as the main source of raw materials for producing methanol, a basic chemical, and dimethyl ether, a liquefied gas.

“The project will make a contribution to economic growth in Trinidad and Tobago and the Caribbean region while at the same time helping to satisfy the growing global demand for methanol,” it added.

The proposed plant will produce one million tons per annum of methanol and 20,000 tons per year of Dimethyl Ether and will be set-up at an investment of $990 million.

The scheduled mechanical completion date is December 2018 and is expected to begin commercial production in March 2019. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X