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Business

Trinidad Methanol Project Advances

by Alexander H. Tullo
April 20, 2015 | A version of this story appeared in Volume 93, Issue 16
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Most Popular in Business

A consortium involving Mitsubishi Gas Chemical, Mitsubishi Corp., Mitsubishi Heavy Industries, National Gas Co. of Trinidad & Tobago, and the Caribbean firm Massy Holdings is moving forward with plans to build methanol and dimethyl ether (DME) plants in natural-gas-rich Trinidad. The companies plan to spend $1 billion on the complex, which will have the capacity to make 1 million metric tons of methanol and 20,000 metric tons of DME per year. DME is a methanol-derived substitute for diesel and liquefied petroleum gas. The companies have leased the land and secured the engineering contracts. They now await a commitment from a syndicate of Japanese banks.

Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society

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