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Mitsubishi to build methanol plant in Trinidad and Tobago
14
Apr '15
A consortium of companies in the Mitsubishi Group will construct a methanol and dimethyl ether plant in Trinidad and Tobago, and have concluded contracts for EPC, gas supply, and relevant land leases.

The contract has been signed between Mitsubishi Gas Chemical (MGC), Mitsubishi Corporation (MC), Mitsubishi Heavy Industries (MHI) and National Gas Company of Trinidad and Tobago Ltd. (NGC) and Massy Holdings Ltd. (Massy).

In a press release, the Japan based Mitsubishi said discussions are currently underway with a syndicate of Japanese banks for finalising the loan agreement.

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 is therefore considered as a source of next-generation clean energy.

Methanol produced under the project will be marketed by MGC, MC and Massy and dimethyl ether will be promoted as a substitute for diesel in Trinidad and Tobago and in other Caribbean countries.

Plant design and construction will be undertaken by MHI under an EPC contract with the parties. (AR)

Fibre2fashion News Desk - India


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