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Mitsubishi Corp. leads consortium for two-phase methanol-to-petrochemicals project in Trinidad

7:09 AM MST | December 11, 2012 | Natasha Alperowicz

Mitsubishi Corp. is leading a consortium of investors to build a two-phase methanol-to-petrochemicals complex at La Brea, Trinidad, the Trinidad & Tobago Guardian reported, citing Kevin Ramnarine, the country's energy minister. The consortium includes Mitsubishi Gas Chemical, Neal and Massy Holdings (Port of Spain, Trinidad and Tobago), and US-based Integrated Chemicals Co. The first phase of the project, costing an estimated $850 million, is expected to include methanol and dimethyl ether manufacturing facilities. The phase would require about 100 million...

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