Brunei Methanol Company
TypeLLC
IndustryEnergy
Founded13 March 2006 (2006-03-13)
Headquarters4°40′20″N 114°28′23″E / 4.6721369°N 114.4730090°E / 4.6721369; 114.4730090,
Sungai Liang, Belait
,
Brunei
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 March 13, 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 May 25, 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 March 22, 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 2022-05-23.
  2. ↑ "Brunei Methanol Company". brunei-methanol.com. Retrieved 2022-05-23.
  3. ↑ The Report: Brunei Darussalam 2008. Oxford Business Group. 2007. p. 112. ISBN 978-1-902339-07-8.
  4. 1 2 "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 2022-05-23.
  6. ↑ Inc, IBP (2018-04-24). 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 (2022-03-11). 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. 1 2 "Brunei Methanol Company - PROJECT MILESTONE". brunei-methanol.com. Retrieved 2022-05-23.
  9. ↑ Inc, IBP (2016-05-14). 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. 1 2 "Brunei Darussalam Methanol Project". ITOCHU Corporation. Retrieved 2022-05-23.
  12. ↑ The Report: Brunei Darussalam 2010. Oxford Business Group. 2010. ISBN 978-1-907065-29-3.
  13. 1 2 The Report: Brunei Darussalam 2011. Oxford Business Group. 2011. p. 135. ISBN 978-1-907065-52-1.
  14. ↑ Singh, Daljit (2014-11-07). 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 2022-05-23.
  16. ↑ "A show of support in pandemic fight | Borneo Bulletin Online". Retrieved 2022-05-23.
  17. ↑ The Report: Brunei Darussalam 2007. Oxford Business Group. p. 72. ISBN 978-1-902339-75-7.
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