September 3, 2015
Mitsubishi Gas Chemical Company Inc.
Mitsubishi Corporation
Mitsubishi Heavy Industries Ltd.

Final Investment Decision Reached on Trinidad and Tobago
Methanol/Dimethyl Ether Plant
Mitsubishi Gas Chemical Company, Inc. (MGC), Mitsubishi Corporation (MC) and Mitsubishi
Heavy Industries, Ltd. (MHI) are pleased to announce that a final investment decision for theconstruction of a methanol and dimethyl ether plant to be constructed in Trinidad and Tobago has
been reached with the Japan Bank for International Corporation (JBIC) and the Bank ofTokyo-Mitsubishi UFJ, Ltd. (BTMU). Reaching a final investment decision signals a step forward
towards initiating production under the project, which is being implemented in partnership withthe state-owned National Gas Company of Trinidad and Tobago Ltd. (NGC) and Trinidad andTobago’s Massy Holdings Ltd. (Massy).
Methanol is made mainly from natural gas and is used in a wide range of products, including
adhesive agents, agricultural chemicals, paints, synthetic resins, and synthetic raw materials.
Dimethyl ether can be used as a substitute for LPG or as a substitute for diesel in automobiles
and in power generation, and has therefore been receiving a lot of attention as a source ofnext-generation clean energy. Methanol produced under the project will be marketed worldwide
by MGC, MC and Massy. The partners will also work closely with the Government of Trinidad andTobago to promote the use of dimethyl ether as a substitute for diesel in Trinidad and Tobago andin other Caribbean countries. Plant design and construction will be undertaken by MHI under an
EPC contract with the parties.
The global demand for methanol is currently 65 million tons per year, and this demand isexpected to see continued growth in keeping with growths in GDP. By using natural gas
produced in Trinidad and Tobago as the main source of raw materials for producing methanol, abasic chemical, and dimethyl ether, a liquefied gas, the project will be making a contribution toeconomic growth in Trinidad and Tobago and the Caribbean region while at the same time
helping to satisfy the growing global demand for methanol.

1Reference Information
Project Outline
Company Name：

Caribbean Gas Chemical Limited (Est. March 2013)

Location：

La Brea, Union Estate Industrial Estate, Trinidad and Tobago

Production Item：

Methanol (1 million tons per year)(Volume)Dimethyl Ether (20 thousand tons per year)

Total Investment：

US$ 990 million

Capital：US$ 297 million

Investment Ratio：

Mitsubishi Gas Chemical Company, Inc., 26.25%

AmountMitsubishi Corporation, 26.25%
Mitsubishi Heavy Industries, Ltd., 17.5%
NGC, 20.0%
Massy, 10.0%
Scheduled：

December, 2018

：March, 2019

MechanicalCompletion
Scheduled
Commercial
Operation

Date<Inquiries>
Mitsubishi Gas Chemical

Tel: +81-(0)3-3283-5041

Mitsubishi Corporation

Tel: +81-(0)3-3210-3065Mitsubishi Heavy Industries

Tel: +81-(0)3-6716-2168

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1. About Mitsubishi Gas Chemical Company, Inc.
Headquarters：

2-5-2 Marunouchi, Chiyoda-ku, Tokyo, 100-8324 Japan

Main Business：

Mitsubishi Gas Chemical Company manufactures and sells awide variety of products from basic chemical products to finechemicals and functional raw materials and has established apositive record in the development of gas fields.

Representative：

Toshikiyo Kurai, Representative Director & President

Date Established：

April 21, 1951

No. of Employees：

8,254 (consolidated, as of March 31, 2015)

2. About Mitsubishi Corporation
Headquarters：

2-3-1 Marunouchi, Chiyoda-ku, Tokyo, Japan

Main Business：

Mitsubishi Corporation is active in a wide variety of activities on
a global scale. Mitsubishi’s business activities include: global
environmental and infrastructure; industrial finance; logistics
and development; energy; metals; machinery; chemicals; living
essentials; and business services.

Representative：

Ken Kobayashi, President and CEO

Date Established：

April 1, 1954

No. of Employees：

71,944 (consolidated, as of March 31, 2015)

3. Mitsubishi Heavy Industries, Ltd.
Headquarters：

2-16-5 Konan, Minato-ku, Tokyo, Japan

Main Business：Engineering, manufacture and sale of ships, power systems,
environmental improvement equipment, industrial machinery,aircraft, space systems, air-conditioner, etc.

Representative：

Shunichi Miyanaga, Presiden

Established：

January 1950

No. of Employees：

81,845 (consolidated, as of March 31, 2015)

4. About National Gas Company of Trinidad and Tobago Ltd.
Headquarters：

Orinoco Drive, Point Lisas Industrial Estate, Couva,
Republic of Trinidad & Tobago, West Indies

Main Business：

Natural gas marketing and transportation, and LNG marketing

Representative：

Roop Chan Chadeesingh

Established：

1975

No. of Employees：

743 (consolidated, as of December 31, 2013)3

5. About Massy Holdings Ltd.
Headquarters：

63 Park Street, Port of Spain, Trinidad &Tobago, West Indies

Main Business：

Undertakes a wide range of business throughout theCaribbean, including wholesale, real estate, automobile sales
and maintenance, supply of industrial gas, hotel management,
etc.

Representative：

Robert Bermudez, Chairman

Established：

1932

No. of Employees：

10,561 (consolidated, as of September 31, 2014)

6. What is Methanol?
As a basic chemical, methanol is used in the production of a range of downstream products,
and is used as a raw material in the making of traditional petrochemicals, including
formaldehyde and acetic acid. Methanol is also widely used in energy applications, such as
gasoline blending and DME, as well as in the production of olefins (methanol-to-olefin).

7. What is Dimethyl Ether?
DME (Dimethyl Ether) is a form of liquefied gas that can be made from natural gas or fromother raw materials such as coal or biomass. Similar to liquefied petroleum gas (LPG), DME
does not emit particulate matter (PM) or sulfur oxides (SOx) during combustion due to theabsence of sulfur. In addition, its properties do not include nitrogen oxide (NOx) or carbon
dioxide (CO2), making DME an attractive source for next generation clean energy.

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