Mitsubishi to discuss US$850 mln petrochemical investment in Trinidad & Tobago

29-Jul-14
The Chairman of Mitsubishi company visited Trinidad & Tobago as part of the Japanese Prime Minister’s delegation. He will be discussing with the Government a US$850 mln petrochemical investment in T&T. Final decision on this is expected by year end, as per guardian.co.tt. Bilateral discussions include examining the possibility of having a major investment from Mitsubishi, one of the leading Japanese companies in the field of petrochemicals. In March 2013, the Government entered into a project development agreement with the Mitsubishi Corporation and local partner Massy Holdings Limited, for a Methanol to Dimethyl Ether (DME) Plant. The company has over the last 18 months been examining the feasibility of establishing a major investment in La Brea to expand on T&T’s petrochemical capability.
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