ACN Newswire
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China Bluechem’s 2021 Profit Doubles to RMB1.5 Billion with Better-Than-Expected Results in Operation and Development

indie
5 minutes

HONG KONG, Mar 31, 2022 - (ACN Newswire via SEAPRWire.com) - China BlueChemical Ltd. ("China BlueChem" or the "Company," stock code: 3983), the largest state-owned chemical fertiliser producer and the leading methanol producer in China, has announced its audited annual results for the year ended 31 December 2021.Mr. HOU Xiaofeng, CEO and President of the Company said, "Looking back at 2021, as the COVID-19 pandemic continued to send shockwaves across the global industrial chain, the fertiliser industry recorded decade-high prices and the chemical industry as a whole experienced promising development momentum. By grasping favourable opportunities, the Company had an auspicious start to the 14th Five-Year Plan, with a better-than-expected performance in production and operation and development progress."In 2021, the Company's revenue was RMB13,398 million, up 29% from 2020. Gross profit soared 120% to RMB2,936 million. Profit attributable to owners of the Company surged 101% to RMB1,498 million, consolidating the Company's continued leadership position in terms of profitability. Based on the Company's sound financial condition, the Board of Directors recommended payment of a final di...

JCN Newswire
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Mitsubishi Corporation: Commercial Operations Commence at Methanol / Dimethyl Ether Plant in Trinidad and Tobago

ruth
2 minutes

TOKYO, Jan 19, 2021 - (JCN Newswire) - Mitsubishi Gas Chemical Company (MGC), Mitsubishi Corporation (MC) and Mitsubishi Heavy Industries Engineering (MHIENG) have teamed up with the National Gas Company of Trinidad and Tobago (NGC) and Massy Holdings (Massy), a joint venture in the Republic of Trinidad and Tobago, Caribbean Gas Chemical Limited (CGCL), to launch commercial operations of a methanol and dimethyl ether (DME) plant. CGCL's PlantCGCL was established in March 2013, and it completed construction. Fueled primarily by natural gas sourced from Trinidad and Tobago, the plant has an annual production capacity of one million tons of methanol and 20,000 tons of DME. It began operating commercially in December 18, 2020. 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 carr...