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    market news

    Mitsubishi Gas, Mitsubishi Corp to Build Methanol Plant in Caribbean

    Investing News Network
    Apr. 09, 2013 06:02AM PST
    Oil and Gas Investing

    Bloomberg reported that Mitsubishi Gas and Mitsubishi Corp have announced plans to build a plant that will produce methanol and dimethyl in the Caribbean.

    Bloomberg reported that Mitsubishi Gas and Mitsubishi Corp have announced plans to build a plant that will produce methanol and dimethyl in the Caribbean.

    As quoted in the market report:

    The partners plan to produce 1 million tons of methanol and 100,000 tons of dimethyl ether, the companies said. Methanol is used as a raw material to make products such as adhesives and agrochemicals; dimethyl ether can work as a clean energy substitute for diesel fuel in cars and power generation.

    To view the whole Bloomberg report, click here.

    dimethyl ethermarket news
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