July 26, 2019
Methanol supplier Methanex has announced plans to construct a third plant in Geismar, LA. The new $1.3-billion methanol plant will join two existing plants. The project is expected to create 62 new direct jobs. Methanex is the world’s largest supplier of methanol.
Methanex will build the new plant on a 156-acre site, which was certified by the state-run Louisiana Economic Development organization. LED began formal discussions with Methanex about a third plant in June 2018. To secure the project, the State of Louisiana offered Methanex a $3-million performance-based grant to offset infrastructure costs of the project.
Construction on the new plant is expected to begin in the second half of 2019, with operations beginning in the second half of 2022.
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