April 13, 2015
Mitsubishi Gas Chemical Company Inc.
Mitsubishi Corporation
Mitsubishi Heavy Industries, Ltd.
Signing an agreement for the construction of a methanoland dimethyl ether plant in Trinidad and Tobago
Mitsubishi Gas Chemical Company

Inc. (MGC), Mitsubishi Corporation (MC) and

Mitsubishi Heavy Industries, Ltd. (MHI) have signed an agreement with state-owned
National Gas Company of Trinidad and Tobago Ltd. (NGC) and Massy Holdings Ltd.
(Massy) for the construction of a methanol and dimethyl ether plant in Trinidad andTobago, and have concluded contracts for EPC (engineering, procurement andconstruction), gas supply, and relevant land leases.
Discussions are currently underway with a syndicate of Japanese banks for finalizing
the loan agreement.

Photo : signing ceremonies of the project agreement (left) and the EPC agreement (right)

Methanol is made mainly from natural gas and is used in a wide range of products,
including adhesive agents, agricultural chemicals, paints, synthetic resins, andsynthetic 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 of next-generation clean energy. Methanol
produced under the project will be marketed worldwide by MGC, MC and Massy. Thepartners will also work closely with the Government of Trinidad and Tobago to promote
the use of dimethyl ether as a substitute for diesel in Trinidad and Tobago and in other
Caribbean countries. Plant design and construction will be undertaken by MHI under
an EPC contract with the parties.
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＜About this project＞
Name:

Caribbean Gas Chemical Limited (est. March 2013)

Location:

La Brea, Union Estate Industrial Estate

Main products:

Methanol (1 million tons per annum)(capacity)

Dimethyl ether (20 thousand tons per annum)

Total Investment:

Roughly US$ 1,000 million

Capital:About US$ 300million

Investment Ratio:

Mitsubishi Gas Chemical Company, 26.25%
Mitsubishi Corporation, 26.25%
Mitsubishi Heavy Industries, 17.5%
National Gas Company, 20.0%
Massy, 10.0%

Scheduled:

June 2018:

October 2018

Completion Date
Start Date2

〔Reference Information〕
1. Mitsubishi Gas Chemical Company Inc.
Headquarters：

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

Main Business：

Mitsubishi Gas Chemical Company manufactures andsells a wide variety of products from basic chemical
products to fine chemicals and functional raw materials
and has established a positive record in the developmentof gas fields.

Representative：

Toshikiyo Kurai, Representative Director & President

Date Established：

April 21, 1951

No. of Employees：

5,445 (consolidated, as of March 31, 2014)

Headquarters：

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

Main Business：

Mitsubishi is active in a wide variety of activities on a

2. Mitsubishi Corporation

global scale. Mitsubishi’s business activities include:
global environmental and infrastructure; industrial
finance; logistics and development; energy; metals;machinery; chemicals; living essentials; and businessservices.
Representative：

Ken Kobayashi, President and CEOYear Established：1950

No. of Employees：

68,383 (consolidated, as of March 31、2014)

3. Mitsubishi Heavy Industries Ltd.
Headquarters：

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

Main Business：Engineering, manufacture and sale of ships, powersystems,

environmental

industrial

machinery,

improvement
aircraft,space

air-conditioner, etc.
Representative：

Shunichi Miyanaga, President

Founded：January 1950

No. of Employees：

80,583 (consolidated, as of March 31, 2014)3

equipment,systems,

4. 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, Chairman

Year Established：

1975

No. of Employees：

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

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

5. Massy Holdings Ltd.
Headquarters

IndiesMain Business：

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

Representative：

Robert Bermudez, Chairman

Year Established：

1932

Total employee：

10,561

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 orfrom other 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 the absence 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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