Transition Industries LLC has signed a Letter of Intent (LOI) with Mitsubishi Gas Chemical Company, Inc. (MGC) for a long-term Methanol Sales Agreement (MSA). Under this agreement, Transition Industries will supply MGC with approximately 1 million metric tons per year of ultra-low carbon methanol from its Pacifico Mexinol project, a methanol production facility near Topolobampo, Sinaloa, Mexico, set to start operations in 2028. This project, jointly developed with the International Finance Corporation (IFC) of the World Bank Group, aims to support sustainable, low-carbon energy solutions.
Pacifico Mexinol, expected to become the world’s largest ultra-low carbon chemicals facility, will produce around 350,000 metric tons of green methanol and 1.8 million metric tons of blue methanol annually, incorporating natural gas and carbon capture technology.
Rommel Gallo, CEO of Transition Industries, stated, “We are excited to announce our LOI with Mitsubishi Gas Chemical, a global leader in the methanol market. Our collaboration underscores a mutual commitment to tackling climate change and providing ultra-low carbon methanol to the Pacific Basin.”
Masahiko Naito, Division Director of MGC’s C1 Chemicals Division, remarked, “Mitsubishi Gas Chemical is committed to reducing the carbon intensity of its methanol supply and supporting global sustainability. We look forward to working with Transition Industries to achieve this goal.”
Construction for Pacifico Mexinol is scheduled to begin in early 2025, with commercial operations slated for 2028.
About Mitsubishi Gas Chemical
Mitsubishi Gas Chemical Company is a technology-driven manufacturer, producing over 90% of its products through proprietary technologies. Its diverse product range includes methanol, hydrogen peroxide, engineering plastics, and materials for printed circuit boards, contributing to growth and harmony through chemistry.
About Transition Industries
Houston-based Transition Industries LLC develops net-zero carbon methanol and hydrogen projects across North America, supporting environmental and social sustainability. For more information, contact [email protected].
About IFC
The International Finance Corporation (IFC), part of the World Bank Group, is a leading global development institution for the private sector in emerging markets. In 2024, IFC committed $56 billion to support private sector projects in over 100 countries. For details, visit www.ifc.org.
