Brunei Methanol Company

Brunei Methanol Company
Company typeLLC
IndustryEnergy
Founded13 March 2006; 18 years ago (2006-03-13)
Headquarters4°40′20″N 114°28′23″E / 4.6721369°N 114.4730090°E / 4.6721369; 114.4730090, ,
Key people
Abdul Alikhan
(CEO)[1]
ProductsMethanol
OwnerMitsubishi Gas Chemical Company (50%)
PetroleumBRUNEI (25%)
Itochu Corporation (25%)
Websitebrunei-methanol.co.bn

The Brunei Methanol Company (BMC) is a methanol plant in Sungai Liang, Brunei.[2][3] According to the Brunei Darussalam Newsletter, the BMC plant was the largest investment done outside of the oil and gas and LNG industry.[4] The plant was noted to have the capability to produce up to 850,000 tonnes of methanol per year.[5] The project was part of the Wawasan Brunei 2035 goals on diversing Brunei's economy and reduce the dependence on oil and gas industry.[6][7]

History

The first proposal for the project was accepted in August 2004, and the Joint Venture (JV) Agreement was signed between the Mitsubishi Gas Chemical Company, PetroleumBRUNEI and Itochu Corporation.[8] The company was officially established on 13 March 2006.[9] On 30 November 2007, the groundbreaking for the methanol plant project begun,[8] and with the construction starting within the Sungai Liang Industrial Park (SPARK)[10] in February 2008.[11] Notably during the cornerstone ceremony, it was carried out by the Crown Prince Al-Muhtadee Billah.[11]

The USD$600 million 16-hectare plant was officially opened by Sultan Hassanal Bolkiah on 25 May 2010.[4][12] During the second half of 2011, it has only been running on 80% due to several emergency shutdowns.[13] In 2013, the Government of Brunei showed concerns over an unknown dark and possibly harmful fumes coming out of the plant.[14]

On 22 March 2021, Universiti Brunei Darussalam (UBD) staffs visited the BMC's plant in search for possible research collaborations.[15] During the COVID-19 pandemic in Brunei in December of that same year, BMC has donated medical supplies to the Ministry of Health (MoH).[16]

Shareholders

The operating company—Brunei Methanol Company Sdn Bhd—is owned by the Mitsubishi Gas Chemical Company (50%), PetroleumBRUNEI (25%) and Itochu Corporation (25%).[17][13]

References

  1. ^ "BMC holds stakeholder engagement dialogue | Borneo Bulletin Online". Retrieved 23 May 2022.
  2. ^ "Brunei Methanol Company". brunei-methanol.com. Retrieved 23 May 2022.
  3. ^ The Report: Brunei Darussalam 2008. Oxford Business Group. 2007. p. 112. ISBN 978-1-902339-07-8.
  4. ^ a b "Department of Information" (PDF). Brunei Darussalam Newsletter. Vol. 25, no. 5. 2010. p. 1.
  5. ^ "Brunei Methanol - Brunei's first project financing | Case Studies | IJGlobal". www.ijglobal.com. Retrieved 23 May 2022.
  6. ^ Inc, IBP (24 April 2018). Brunei Energy Policy, Laws and Regulations Handbook - Strategic Information and Regulations. Lulu.com. p. 114. ISBN 978-1-4330-7115-7. {{cite book}}: |last= has generic name (help)
  7. ^ Patricia, Ordóñez de Pablos; Xi, Zhang; Nabil, Almunawar, Mohammad (11 March 2022). Handbook of Research on Green, Circular, and Digital Economies as Tools for Recovery and Sustainability. IGI Global. p. 113. ISBN 978-1-7998-9666-1.{{cite book}}: CS1 maint: multiple names: authors list (link)
  8. ^ a b "Brunei Methanol Company - PROJECT MILESTONE". brunei-methanol.com. Retrieved 23 May 2022.
  9. ^ Inc, IBP (14 May 2016). Brunei Business and Investment Opportunities Yearbook Volume 1 Strategic Information and Opportunities. Lulu.com. p. 138. ISBN 978-1-4387-0627-6. {{cite book}}: |last= has generic name (help)
  10. ^ The Report: Brunei Darussalam 2009. Oxford Business Group. 2009. p. 71. ISBN 978-1-907065-09-5.
  11. ^ a b "Brunei Darussalam Methanol Project". ITOCHU Corporation. Retrieved 23 May 2022.
  12. ^ The Report: Brunei Darussalam 2010. Oxford Business Group. 2010. ISBN 978-1-907065-29-3.
  13. ^ a b The Report: Brunei Darussalam 2011. Oxford Business Group. 2011. p. 135. ISBN 978-1-907065-52-1.
  14. ^ Singh, Daljit (7 November 2014). Southeast Asian Affairs 2014. Flipside Digital Content Company Inc. ISBN 978-981-4519-91-5.
  15. ^ "Site Visit and Potential Research Collaboration Meeting at Brunei Methanol Company (BMC) Sdn. Bhd. | UBD Innovation and Enterprise". innovation.ubd.edu.bn. Retrieved 23 May 2022.
  16. ^ "A show of support in pandemic fight | Borneo Bulletin Online". Retrieved 23 May 2022.
  17. ^ The Report: Brunei Darussalam 2007. Oxford Business Group. p. 72. ISBN 978-1-902339-75-7.

External links

  • Corporate website
Retrieved from "https://en.wikipedia.org/w/index.php?title=Brunei_Methanol_Company&oldid=1199726177"