CGCL set for Commercial Operations
It is indeed a golden day in the history books of Caribbean Gas Chemical Limited (CGCL) as the company announced the completion of the commissioning of its Methanol and Di-Methyl Ether (DME) Facility on December 18, 2020 and its commencement of Commercial Operations shortly thereafter. This landmark accomplishment confirms the company’s readiness to produce methanol, safely and reliably and maintain stable operations, having conducted the relevant testing to ensure the plant’s capability to function at its nameplate capacity of 1,000,000 tons per year.
When asked about his thoughts on this significant achievement, CGCL’s Chief Executive Officer, Nakaba Aoyagi, stated: “Just over five years ago, the company celebrated its Sod Turning Event (September 2015) and now, we have commenced commercial operations of our facility. The journey to arrive here has not been without its challenges, upsets and setbacks, but the company, driven by its strong leadership and a group of committed and dedicated employees, has persevered through it all. Today, we stand proud, having achieved a most significant milestone for ourselves, our shareholders and our stakeholders, all of whom have significantly contributed toward this success.
CGCL has been diligently managing the completion of its facility located at the Union Industrial Estate in La Brea, over the past year, amid the Covid-19 pandemic, while ensuring the safety and well-being of its employees over the period.
“It is an understatement to say that we are delighted with this achievement. However, this is no time to relax. We are now operating in a world where demand for energy and energy derivatives have become volatile, prices are fluctuating at an abnormal pace and globally, we are faced with a number of risks and challenges including economic erosion triggered by the pandemic. In spite of this, CGCL must demonstrate its resilience and adaptability in the management of its operating overhead, the protection of its market share and its ability to secure value for its product, in an evolving business and fluid external environment. Moving forward CGCL’s strategic intent is to remain focused on its business development, build its reputation as a safe, dependable and environmentally friendly operator and maintain its relevance to the country and the economy.” continued Aoyagi.