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EastRussia Bulletin: Japan wants to supply methanol from Amur Region

EastRussia Bulletin: Japan wants to supply methanol from Amur Region
Photo: EastRussia

Japanese companies Marubeni Corporation and Mitsui OSK Lines (part of the Mitsui Group) showed interest in the possibility of delivering methanol from the Amur city of Skovorodino, where an export-oriented project to create a methanol production with a capacity of about one million tons per year of Technolizing JSC is being implemented. This is stated in the next published issue of the EastRussia newsletter.

Representatives of the companies signed a memorandum with the Agency of the Far East on attracting investment and export support for the supply of methanol. Marubeni can support the project in terms of selling products on the international market, while Mitsui can provide transportation services.

As part of the WEF, in September, Marubeni and ANO IPA concluded an agreement on the development of trade and economic cooperation in the Far East, and Technolizing signed a memorandum with Japanese partners on the sale of up to one million tons of methanol.

Detailed analytics on this and other relevant topics can be found in EastRussia Weekly Newsletter.