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Transition Industries LLC and Mitsubishi Gas Chemical sign Letter of Intent for long-term Methanol Sales Agreement
Contract Type
agreement
SinaloaManufacturingEnergyOil And GasDescription
Transition Industries LLC has signed a Letter of Intent (LOI) with Mitsubishi Gas Chemical Company, Inc. to enter into a long-term Methanol Sales Agreement (MSA), under which Transition Industries intends to supply approximately 1 million MT per annum of ultra-low carbon methanol from its Pacifico Mexinol project. The Pacifico Mexinol project is a 6,145 MT per day methanol production facility near Topolobampo, Sinaloa, Mexico, expected to be in operation in 2028.