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Tuesday, July 22, 2025

Neal and Massy/Mitsubishi project: Investment nod to come in September

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20140508

The goal posts have been moved. The new dead­line for con­struc­tion of the Neal and Massy/Mit­subishi di­methyl ether (DME) and methanol plants will be in the first quar­ter of 2015 by the Mit­subishi-led con­sor­tium, said Chikara Jit­sumat­su, di­rec­tor of Caribbean Gas Chem­i­cal Ltd, the spe­cial pur­pose com­pa­ny formed to de­vel­op the project. While the orig­i­nal date for the start of con­struc­tion was the fourth quar­ter of 2014, the new date has been pushed for­ward to the first quar­ter of 2015.

"We do not con­sid­er there has been a se­ri­ous de­lay in the project. The orig­i­nal tar­get time­line was a very ag­gres­sive one, with the premise of every­thing be­ing fast tracked. In our ex­pe­ri­ence all over the world, ac­tu­al project de­vel­op­ment ac­tiv­i­ty takes, on av­er­age, half a year or more com­pared with the orig­i­nal fast track tar­get time­line for this one.

"The orig­i­nal tar­get was to reach fi­nal in­vest­ment de­ci­sion (FID) by the end of March 2014, and our cur­rent tar­get of FID is Au­gust/Sep­tem­ber 2014," he told the Guardian.

The three de­vel­op­ers for the project are Neal and Massy, Mit­subishi Gas Chem­i­cal and Mit­subishi Cor­po­ra­tion.

In an e-mail, Caribbean Gas Chem­i­cal said Neal and Massy's role in the project will be to pro­vide wide range of lo­cal in­dus­tri­al ex­per­tise, lead of ne­go­ti­a­tion with Gov­ern­ment and be a po­ten­tial part­ner with Mit­subishi for more projects in T&T or in­ter­na­tion­al projects.

Two plants will be built, one is methanol and the next one is the di­methyl ether plant on the La Brea Union Es­tate.

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