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.