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Joint Venture Agreements Signing Ceremony.
2005-11-21


The signing ceremony being witnessed by the Minister of Industry and Primary Resources.



On 21st November 2005 another milestone in the country's march towards industrialisation was achieved when a joint venture agreement was signed between PetroleumBRUNEI, Mitsubishi Gas Chemical Company Inc and ITOCHU Corporation to build a methanol plant at Sungai Liang Industrial Park in the Belait District. The signing ceremony took place at the Royal Berkshire Hall JPCC in the presence of Yang Berhormat Pehin Dato Dr Hj Awang Ahmad bin Hj Jumat ,Minister of Industry and Primary Resources.

The signing of the Joint Venture Agreement cemented the establishment and incorporation of a Joint Venture Company in Brunei called the Brunei Darussalam Methanol Project Consortium. Also signed during the ceremony was a Memorandum of Understanding for the Methanol Marketing agreement between the Brunei Darussalam Methanol Project Consortium and MGC who has agreed to be the sole off taker of the produced methanol form the Brunei Methanol Plant.

The ceremony was attended by Deputy Ministers, Permanent Secretaries, and Heads of Departments from various government ministries as well as diplomatic corps and those from the business sector.

 
 
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