CGCL was established in
Methanol is a basic chemical that is used as a raw material in the production of many downstream products. Its applications include adhesives, agricultural chemicals, paints, plastics and synthetic
textiles. In recent years, it has been garnering more attention as an alternative to heavy fuel oil in the shipping industry and as an otherwise environmentally-friendly source of energy. Furthermore,
because it can be produced from CO2 and as a promising hydrogen carrier, it could play a part in realizing sustainable, low-carbon societies. DME is also raising interest as a clean, next-generation energy source. In addition to its use in aerosol products and other daily goods, it can serve as an alternative to liquefied petroleum gas and diesel fuel for automobiles and power generation.
Currently, the global demand for methanol is approximately 81 million tons per year, and that is expected to increase steadily in step with GDP growth. Through this business, MGC, MC and MHIENG are aiming to help meet that demand and provide a boost to economic growth in the
CGCL's Plant
(Project Summary)
Location La Brea,
Production 1 million tons/year methanol
20,000 tons/year DME
Total Investment Approx.
Capital Approx.
Ownership Ratio MGC=26.25%
MC= 26.25%
MHIENG=17.5%
NGC=20%
Massy=10%
MGC:
Administrative & Personnel Div.
+81-3-3283-5040
MC: Press Release Team,
+81-3-3210-2171
mediacontact_global@mhi.co.jp
[Additional Information]
1.
Headquarters 2-5-2 Marunouchi, Chiyoda-ward,
Operations
Representative Representative Director and President
Date Established
2.
Headquarters 2-3-1 Marunouchi, Chiyoda-ward,
Operations With the addition of corporate divisions to the 10 groups of Natural Gas, General Materials, Petrochemical, Mineral resources, Industrial Infrastructure, Motor Vehicles Mobility, Food Industry, Consumer Industry, Electric Power Solutions and
Representative President and Representative Director
Date of Establishment
3.
Headquarters 3-1 Minatomirai 3-Chome, Nishi-ku,
Operations Engineering, manufacture, procurement, construction, marketing and after-sale servicing of chemical plants, transportation systems and products, environmental products, etc., including ancillary businesses
Representative President and CEO
Date of Establishment
4. NGC
Operations Natural gas and LNG sales, pipeline management operations.
Representative Chairman
Year of Establishment 1975
5. Massy
Headquarters
Representative Chairman
Year of Establishment 1932
(C) 2021 Electronic News Publishing, source