Japan-based Mitsubishi Corp. is leading a group of
investors that plan to build a methanol-to-petrochemicals complex in Trinidad,
the Trinidad Guardian newspaper reported Monday.
The report cited Trinidad and Tobago's energy minister Kevin
The consortium, which also includes Mitsubishi Gas
Chemicals Co., US-based ICCL and local company Neal & Massy
Holdings, will invest $850 million in the first phase of the
project, the newspaper said.
The project will be based at a
50-hectare (123.6 acres) site near La Brea in southwestern
The project will use 100 million
standard cubic feet/day of natural gas to produce among
other products di- methyl ether
(DME), which can be used in Trinidad as a
replacement or blending stock for diesel and liquified
petroleum gas (LPG).
Ramnarine said the target date for the first stage of the project is the first quarter of
2014, though it could come as soon as the fourth
quarter of 2013.