Nine Companies Team Up in Japanese DME Venture

Eight Japanese companies, together with Total, are teaming up to build a dimethyl ether plant (DME) at Niigata, Japan. The firms will establish a joint venture, Fuel DME Production Co. (Niigata), in April to construct a plant with an initial capacity of 80,000 m.t./year for completion in June 2008. The DME unit will be expandable to 100,000 m.t./year. The companies and their proposed stakes in the jv are: Mitsubishi Gas Chemical (MGC), 29.15%; Itochu, 13.25%; Japan Petroleum Exploration (Tokyo), 12%; Taiyo Oil (Tokyo), 10%; Total Di-Methyl Ether Japan (Tokyo), a...

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