Yoshihito Hashimoto Elected PDA Director PROJECT HIGHLIGHTS IMC’s World Scale Methanol Plant in Saudi Arabia Yoshihito Hashimoto, an Engineering Consultant at Chiyoda, was recently elected a Director of the Parental Drug Association (PDA). Chiyoda is a corporate member of the PDA. The PDA Board of Directors consists of 17 members, and Hashimoto is the only Director from Asian. The U.S.-based PDA is a non-profit organization dedicated to improving the quality of pharmaceuticals. The association provides scientific opinions on draft regulations and guidelines issued by the U.S. Federal Drug Administration (FDA) before they go into effect, as well as ideas and comments on execution of them from sci- entific aspect. It also provides educational programs for concerned professionals to ensure compliance with new regulations. Now, Hashimoto works with the American and European Directors, and cooperate with various governmental agencies and industry associations to see that the quality of pharmaceuticals produced in Asia conform to perti- nent regulations. Chiyoda and its Saudi Arabian affiliated company, Chiyoda Petrostar Limited (CPL), were select- ed as the contractors for the engineering, procurement, construction and commissioning (EPCC) of a world-scale methanol plant and associated utilities facility project by International Methanol Company Limited (IMC). IMC is a joint venture between Saudi International Petrochemical Company (SIPC) and Japan-Arabia Methanol Company Ltd. (JAMC). JAMC is a Japanese limited liability company owned by a consortium of major Japanese companies led by Mitsui & Co., Ltd.  This project is to build today’s world-scale grass root 2,900 tons per day methanol plant and associated utility and offsite facilities in Jubail Industrial City in Saudi Arabia. The project will be completed in 30 months and a majority of the methanol produced at this plant will be taken off by JAMC. Chiyoda and CPL were selected following international competitive bidding. Chiyoda’s expertise from past methanol projects, combined with abundant EPC experience in Saudi Arabia, was a major factor in its selection. Due to its substantial experience and expertise in engineering, pro- curement and construction of synthesis gas process plants, Chiyoda is able to offer a technically and commercially reliable proposal at a competitive price, another reason for selection of Chiyoda for this project. 18 Contract-signing ceremonies held at Al Khobar, Saudi Arabia, on December 23, 2002. 4... Ve ois Jill es se Use fand! Plant an