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A Natural Gas to Petrochemical Complex

Union Industrial Estate, La Brea

Presented on August 29th, 2013

NESC, La Brea

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AGENDA1. Introduce the Project Sponsors

1. Mitsubishi Corporation2. Mitsubishi Gas Chemical Co. Inc.3. Neal & Massy Holdings Ltd.

2. Project Site3. The Project4. Activities to be undertaken by CGCL5. Logistics6. Possible Impacts/Risks7. Proposed Mitigation Measures8. Questions

A CEC[CEC3859/2013] is being sought from the EMA to proceed with A Natural Gas to Petrochemical Complex

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We are the project sponsors…

Represented byMr. Hiroshi Kita

Represented byMr. Chikara Jitsumatsu

Represented byMr. Linford Carrabon

Mitsubishi Gas Chemical Co.Inc. has been developingchemicals in a wide range of fields, from basic to specialty chemicals. Our business Segments include:• Natural Gas Chemicals• Aromatic Chemicals• Specialty Chemicals• Information & Advanced

Material

(Website)www.mgc.co.jp/eng/index.html

Mitsubishi Corporation operatescompanies in 6 Business Groups:• Industrial Finance, Logistics and Development Group• Energy Business Group• Metals Group• Machinery Group• Chemicals Group• Living Essentials Group

(Website)www.mitsubishicorp.com/jp/ja/csr/

Neal & Massy Holdings Limited is the parent company of the Neal & Massy Group of Companies.We operate mainly in Trinidad and Tobago, Barbados, Jamaica and Guyana. Key Business Units:• Retail• Distribution & Logistics• Consumer Finance• Automotive & Industrial Equipment• Energy & Industrial Gases• Information Technology &

Communications(Website)www.neal-and-massy.com

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Project Sponsors’ roles

Technology Licensor Project Coordination Local Content

Project Site

UNION VILLAGE

VESSIGNYVILLAGE

SOBOVILLAGE

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A “Brownfield” site

Approved and zoned for heavy gas based industrial development

Substantial infrastructural works already installed.

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• Development of a project for the commercialization of natural gas-based petrochemicals.

• The plant which will be constructed will produce 1,000,000 tonnes per year of Methanol

• 140,000 tonnes per year of Methanol produced will be used

to produce 100,000 tonnes per year of Di-Methyl-Ether (DME).

The Project…

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What is Methanol? What is DME?

• Clear, colourless LIQUID

• Looks like water

• No odor in low concentrations

• Flammable

• Clear, colourless GAS

• Slightly sweet odor

• Flammable

• Similar physical properties to LPG

About Methanol and DME

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Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Q315

Q415

Q116

Q216

Q316

General

FEED / EPC

LOAN

CEC

Pre Development

Construction

Construction

FIDPDA STARTUPGASTERM SHEET

Negotiation

FEED

CEC Process (Target)

Preliminary Works

Negotiation

Application

CGCL Project Schedule

PDA-Project Development AgreementFID-Final Investment DecisionFEED-Front End Engineering DesignEPC-Engineering/Procurement/ConstructionCEC- Certificate of Environmental Clearance

Legend

Completed

In Progress

After FID

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Activities to be done

GENERAL

CGCL needs to successfully complete many activities during the Pre-Development Stage (CEC / Contracts Negotiation / Finance Arrangement / etc).

Target Final Investment Decision by Shareholders March, 2014

CONTRACTS

Many contracts including water and electricity still need to be finalized

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Activities to be done

FEED Targeting to be complete in November 2013

LOAN Targeting to reach an agreement by March 2014

CEC Our consultant “REAL” will present

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OPERATIONS (METHANOL)

PRODUCT METHANOL

DISTILLATION

SYNTHESIS

COMPRESSION

REFORMING

DESULFURIZATION

NATURAL GAS

FUEL GASFUEL GAS

STEAMSTEAM

PURGE GASPURGE GAS

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OPERATIONS (DME)

METHANOLMETHANOL

Waste Water

METHANOL RECOVERY

DME PURIFICATION

DME SYNTHESIS

METHANOL

FROM METHANOL PLANT

DMEDME

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THE IMPACT ON :

HEALTH

ENVIRONMENT

SAFETY

THE COMMUNITY

Project Impact & Mitigation Measures

Local / International standardsi) Mitigation / Management planii)Emergency countermeasures to be installed

•There is no known adverse negative health impact from the production of Methanol & DME

•7 Methanol Plants in Point Lisas / One of the oldest products in the petrochemical industry

•DME has been long used for propellant for hair spray

•Assessments will be conducted as per the CEC requirements by the EMA

Health Impact

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• Dust & Noise from Piling - mitigation measures in place

• Traffic - There will be increased traffic during construction. As part of the CEC requirement a Traffic Management Plan will be developed.

• Water Quality – Storm Water Management will be developed

• Construction Waste- Standard Waste Disposal Methods-Bins on site to

• segregate waste & Industrial waste

treatment

Environmental Impact

. During Construction During Operations

• Water Effluent– Appropriate treatment. Historically no adverse environmental impact has been reported

• Air Quality and Noise will be monitored and will be within EMA requirement.

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• Handling Spills - Storage tanks surrounded by dirt dyke - Spill Kits will be put in place

• Fire - Fire Tender- Fire Fighting System

• Medical - Emergency Medical Technicians on site

- Ambulance- First Aid Facility

Safety

• Employment (Expectation from the experience of another project)• During Construction – 3000 jobs (peak time)• Operations

- Direct 180 jobs

- Indirect 200 jobs

• Site Workers/Employees – Point Lisas Energy Association (PLEA) Pass Card certified

• Local Contractors/Sub Contractors – Safe To Work (STOW) certified

• Training & Development - Plan to be developed to increase skills of local personnel (via continuous discussion with surrounding community)

Community Development

.

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NEC Communication Centre

Telephone Numbers 651-1173/1180361-1866

Website:www.cgcl.co.tt

CONTACT INFORMATION

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QUESTIONS