Petrochemical Industry
In the western part of the country, Liang is currently experiencing a major development with the establishment of SPARK, which is a 271 hectare site developed to be a world class petrochemical hub. The first major investment at SPARK is the USD450 million Methanol plant developed by the Brunei Methanol Company, a joint venture between Petroleum Brunei and two leading Japanese companies, Mitsubishi Chemical Holdings Corporation and Itochu Corporation. The plant design will give an output of 2,500t of methanol per day (850,000t annually). The plant was officially launched by His Majesty Sultan Hassanal Bolkiah on the 25th of May 2010.
Read more about this topic: Economy Of Brunei
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