Caribbean Gas Chemical Limited (CGCL) is a locally registered and operated company formed to oversee the construction of a gas to petrochemical complex at Union Industrial Estate (UIE), La Brea, in the Republic of Trinidad and Tobago.
CGCL is a joint venture enterprise led by a consortium comprised of Mitsubishi Gas Chemical (MGC), Mitsubishi Corporation (MC),Mitsubishi Heavy Industries (MHI), National Gas Company of Trinidad and Tobago (NGC) and Massy Holding Limited (MHL). MGC, MC and MHI own 26.25 per cent, 26.25 per cent and 17.5 per cent interests in the project respectively, while NGC and MHL have 20 per cent and 10 per cent stakes respectively.
Construction of the gas to petrochemical facility is underway at Union Industrial Estate (UIE), La Brea and upon commissioning in the fourth quarter of 2019, the plant will produce 1,000,000 metric tonnes per year (MTPY) of methanol and 20,000 MTPY of Dimethyl Ether (DME).
The plant is financed by the Japan Bank for International Cooperation (JBIC), and will be the eighth methanol plant in Trinidad and Tobago. However, it is the first petrochemical facility in La Brea, and the first to go downstream of methanol into DME, which is an environmentally friendly alternative to diesel and liquefied petroleum gas (LPG).
Construction of the CGCL facility began in August 2016, and is being undertaken by Mitsubishi Heavy Industries (MHI) under an Engineering, Procurement and Construction (EPC) contract, which will culminate with the pre-commissioning of the plant at the end of the second quarter of 2019.
CGCL is led by its Chief Executive Officer, Mr Hiroshi Kita, who reports to a Board of Directors comprised of representatives of all shareholders. The Company currently employs 165 permanent, full-time employees.