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A Natural Gas to Petrochemical Complex

Union Industrial Estate, La Brea

Presented on June 11, 2013

La Brea

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1. Introduce the Corporate Sponsors of the Natural Gas to Petrochemical Complex

• Mitsubishi Corporation• Mitsubishi Gas Chemical Co. Inc.• Neal & Massy Holdings Ltd.

2. Provide an overview of the project

We are here to…

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We are the project sponsors…

Represented byMr. Hiroshi Kita

Represented byMr. Yoshimitsu Uemura

Represented byMr. Baajnath Sirinath

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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Metals ･Glass

Foods

Mitsubishi Research Institute, Inc.

Mitsubishi UFJ Trust and Banking Corp.

Meiji Yasuda Life Insurance Co.

Tokio Marine & Nichido Fire Insurance Co., Ltd.

Kirin Holdings Company, Ltd.

Mitsubishi Steel Mfg. Co., Ltd.

Mitsubishi Materials Corp.

Mitsubishi Aluminum Co., Ltd.

Asahi Glass Co.

Transportation ･LogisticsNippon Yusen Kabushiki

KaishaMitsubishi Logistics Corp.

Petroleum

JX Holdings, Inc.

Construction ･EstateMitsubishi Estate Co.,

Ltd.

Mitsubishi Rayon Co., Ltd.

Mitsubishi Paper Mills, Ltd.

Machinery

Mitsubishi Motors Corp.

Mitsubishi Heavy Industries, Ltd.Mitsubishi Electric Corp.

Mitsubishi Kakoki Kaisha, Ltd.

Mitsubishi Chemical Corp.Mitsubishi Gas Chemical Company, Inc.

Mitsubishi Plastics, Inc.

Mitsubishi Corporation

Trading & Investment

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

Finance

Research CenterTextiles ･Paper

Chemicals

P.S.Mitsubishi Construction Co.,Ltd.

Mitsubishi Fuso Truck & Bus Corp.

Nikon Corp.Mitsubishi UFJ Securities Holdings Co., Ltd.

Mitsubishi Group of Companies (28 Companies)

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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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April 8, 2013 - The Government of Trinidad and Tobago (GORTT) and the Mitsubishi Consortium signed a Project Development Agreement

Currently we are in the Pre-Development Stage - CEC Process- Contracts to be Negotiated

Project Development Company Incorporated - Caribbean Gas Chemical Limited

NEC – Appointed as GORTT Participant

What is the current status of the project?

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The Project need to successfully complete many works during the Pre-Development Stage (CEC / Contracts Negotiation / Finance Arrangement / etc).

Target Final Investment Decision by Shareholders March, 2014.

Until the Final Investment Decision, a temporary office of CGCL for inquiry will be located at NEC’s Communication Centre.

After the Final Investment Decision a permanent office will be opened in La Brea

Project Milestones

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Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Q315

Q415

Q116

Q216

Q316

General

FEED / EPC

Finance

CEC

Pre Development

Construction

Construction

FIDPDA STARTUPGASTERM

Negotiation

FEED

JBIC Preliminary Conversation

CEC Process (Target)

Preliminary Works

Negotiation

Application

Project target schedule

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Brunei 850KTPA (Year 2010)

China (Inner Mongolia) 180KTPA (Restart Year 2003)

VenezuelaMETOR Ⅰ 750KTPA (Year 1994)

METOR 850KTPAⅡ (Year 2010)

Saudi ArabiaAR-RAZI Ⅰ 620KTPA

(Year1983)

Ⅱ 650KTPA (Year 1991)

Ⅲ 850KTPA (Year 1997)

Ⅳ 850KTPA (Year 1999)

Ⅴ 1,700KTPA (Year 2008)

Equatorial Guinea 850KTPA (Year 2001)

La Brea, Trinidad

NetherlandsDME 25KTPAYear 1990

GermanyDME 20KTPA Year 2010

Location of Mitsubishi’s Methanol and DME Plants

Niigata, Japan (DME) 80KTPA (Year 2008)

Project Site

UNION VILLAGE

VESSIGNYVILLAGE

SOBOVILLAGE

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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

Urethane foam

Polyester carpet

Polyester/ cottonfabric Polyurethane

door skins

MDF baseboard moldings

Solvents forLacquers

Aerosols,Disinfectants,Fragrances

Particle board

(inside)Fiberglass insulation

binder

Acetyl thermoplastics

Textile treatments,Fleece Jacket,

Sport tights

Fertilizer

silicone sealants

Acryliccoating

Paints

Vinyl adhesives

Plywood structural

panels

PETPlasticsbottles

ASAmedication

Thermo set bumper &

energy absorber

Tire coreadhesives

WindshieldWasher fluid

Acetyl thermoplastics:Gears, pumps,

caps, fuses MDF/MDIdoor panels

Body panels,Paints

Light lens

Clean fuels

Safety glass laminate

PolyurethaneDashboard form

Polyester fabric

Oriented strand board

Pictures: MITSUBISHI ESTATE HOME CO., Ltd. / MITSUBISHI MOTERS

Methanol in Our Lives

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Uses of DME

Propellant for spray Fuel (Cleaner fuel than diesel)

DVD of DME

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The production processNatural Gas 100

million cubic feet per day

Methanol

1 000 000

tonnes per year

DME 100 000

tonnes per year Export

860 000 tonnes of Methanol per

year

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THE IMPACT ON :

HEALTH

ENVIRONMENT

SAFETY

THE COMMUNITY

Project Impact

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

•7 Methanol Plants in Point Lisas

•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 but area prone to dust emissions

• 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

Environmental Impact

. During Construction During Operations

• Water Effluent– Appropriate treatment. There is no expected adverse environmental impact

• 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

- Direct

- Indirect

• 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

Community Development

.

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Provide regular and accurate information about the Project (meetings / La Brea office)

Once the project is materialized

Partnerships with key community-based organizations to develop sustainable programmes including training

The communication process will provide opportunities for persons in the community to express their views on strengthening the relationships between the consortium and the community

Global Coral Reef Conservation Project

MC International Scholarship

Mitsubishi Gas Chemical

Snapshot of our global Corporate Social Responsibility

Mitsubishi Corporation

“Shoki Hoko” Strive to enrich Society, both materially and spiritually, while contributing towards the preservation of the global environment.

Neal & Massy

The Neal & Massy Group is involved in a number of Community development initiatives including the Boys to Men programme and sponsorship of Neal & Massy TrinidadAll Stars

MGC contributes to societal growth and harmony by creating a wide range of value through chemistry.

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NEC Communication Centre

Telephone Numbers 651-1173/1180

(Before 15th of July : Contact 678-6639)

OUR CONTACT FROM 15TH OF JULY (AFTER LA BREA TEMPORARY OFFICE OPENING)