Project Financing for Methanol and Dimethyl Ether Production Plant
Contributing to strengthening relationships with resource-rich countries and securing energy resources

  • Area: Latin America and the Caribbean
  • Manufacturing and Services
  • Energy and Natural Resources
  • [Project Finance]

JBIC concluded a loan agreement for project financing with Caribbean Gas Chemical Limited (CGCL). This loan is JBIC's first project financing provided to a project in Trinidad and Tobago. CGCL is a joint venture established by Mitsubishi Gas Chemical Company, Inc. (MGC), Mitsubishi Corporation (MC) and Mitsubishi Heavy Industries, Ltd. with Trinidad and Tobago's state-owned company, The National Gas Company of Trinidad and Tobago Limited, and other. In this project, CGCL plans to produce one million tons of methanol per annum, as well as dimethyl ether (DME).*1 MGC and MC will off-take the majority of the methanol produced and sell it to various countries including Japan. As Japan depends on entirely on imported methanol, JBIC aims to promote the diversification of import sources of methanol by supporting the project, thereby reducing the supply risk of methanol.
  1. *1Dimethyl ether can be used as a substitute for LPG or as a substitute for diesel in automobiles or in power generation, and has therefore been receiving a lot of attention as a next-generation source of clean energy. A part of the methanol produced from this project will be used to manufacture DME.
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