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Japanese firms confirm plans for petchem project in Trinidad and Tobago

5:30 PM MDT | April 15, 2013 | —Deepti Ramesh

Mitsubishi Gas Chemical (MGC) and Mitsubishi Corp. say they are in the final stages of an agreement with the government of Trinidad and Tobago and local partner, Neal & Massy Holdings (Port of Spain), to start developing a previously reported project for the commercialization of natural gas-based petrochemicals. The first phase of the project at the Union Industrial Estate, in La Brea, is expected to involve an investment of $850 million and will produce 1 million m.t./year of methanol and 100,000 m.t./year of dimethyl ether (DME). The partners aim to reach a...

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