The Brunei Methanol Company Sdn. Bhd. (BMC) marked another historic milestone with the launching of its new Onshore Loading Facility. The ceremony took place at the BMC main compound.
Present to officiate the launching as representative of the Minister at the Prime Minister’s Office and Second Minister of Finance and Economy was Dato Seri Paduka Awang Haji Khairuddin bin Haji Abdul Hamid, Deputy Minister (Economy) of Finance and Economy.
Also in attendance were Takayuki Miyamoto, Chairman of BMC; His Excellency Maeda Toru, Ambassador Extraordinary and Plenipotentiary of Japan to Brunei Darussalam; BMC Board of Directors; as well as regulators and industry stakeholders.
In his speech, the Deputy Minister (Economy) of Finance and Economy stated that the newly established facility supplies methanol to the domestic market. With its availability – at a cost that is competitive with international resources – Brunei Darussalam is not only transforming itself into a chemical hub, but also creating pathways to attract manufacturers, especially in the automotive component, textile and medical equipment sectors.
The Deputy Minister also stated that a number of local and international companies have contacted BMC to manufacture their products for use in the country. As an industry pilot project, BMC has provided a template and reference for chemical companies that wish to establish themselves in Brunei in the future.
The ceremony saw an exhibition by BMC; Polygel Organometallic (B) Sdn. Bhd.; and Mitsubishi Gas Chemical Company, Inc. The exhibition showcased the latest innovations and developments in methanol and its derivatives, offering an insight into the added value of methanol products.
The Brunei Economic Development Board also delivered a presentation on downstream opportunities at the event.