Thursday, February 28, 2013

Another Methanol Plant Proposed for St. James Parish

I'm starting to lose track of the new methanol, GTL and chemical/manufacturing plants being proposed to take advantage of cheap, plentiful natural gas in southern Louisiana.  The latest proposal by South Louisiana Methanol is for a $1.3 billion methanol plant in St. James Parish, LA.  St. James is also the future home the big Nucor steel plant (remember Nucor's deal with Encana for natural gas supply).

The South Louisiana Methanol project is a partnership Austin, TX-based Zero Emissions Energy Plant Ltd. and New Zealand-based Todd Corp.  The owners expect to begin construction on the plant later this year with expected completion in 2016.  Once operational, the plant would produce 5,000 metric tons of methanol per day.

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