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Mitsubishi Gas Chemical Starts Up Large Methanol Complex in Venezuela

5:00 AM MDT | August 9, 2010 | Natasha Alperowicz

Mitsubishi Gas Chemical and Mitsubishi Corporation have started production at their second methanol joint venture with Pequiven in Venezuela. The jv, Metanol de Oriente (Metor), already operates a 750,000-m.t./year methanol unit at Jose. The second facility, which cost $136 million to build and is also based at Jose, is designed to produce 850,000 m.t./year. It uses technology developed jointly by Mitsubishi Gas Chemical and Mitsubishi Heavy Industries. Pequiven has 37.5% in Metor, and Mitsubishi Gas Chemical and Mitsubishi Corporation each have 23.75%...

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