TT Government Signs An Agreement With Japanese Stakeholders And The Massy Group Of Companies

August 14, 2016: On Monday August 8, 2016, at the Office of the Prime Minister, the Honourable Colm Imbert, Acting Prime Minister of Trinidad and Tobago, accompanied by the Honourable Stuart Young, Acting Attorney General of Trinidad and Tobago, and the Honourable Nicole Olivierre, Minister of Energy and Energy Industries, received a Japanese and local delegation for the ceremonial signing of the Amendment Agreement, the Letter of Comfort and the Attorney General’s Opinion, related to the Project Agreement for the establishment of a Natural Gas to Petrochemical Complex for the production of Methanol and Dimethyl Ether (DME) at Union Industrial Estate, La Brea.
Following the signing ceremony, the Acting Prime Minister, accompanied by Minister Young and Minister Olivierre, proceeded to a Courtesy Call with the delegation.
Both the Government and members of the delegation underscored the importance of the petrochemical downstream project to Trinidad and Tobago. It was noted that the project had already reached its 20% completion target. His Excellency Mitsuhiko Okada confirmed that the project was Japan’s single largest investment in Trinidad and Tobago, to date. Ambassador Okada also acknowledged the potential of the project to positively impact the economy of Trinidad and Tobago through increased foreign exchange earnings and boosting employment.
This project is now proceeding apace after being re-negotiated over the past few months and has the commitment of both the Government of the Republic of Trinidad and Tobago and Government of Japan.