IHS Chemical Week

World News and Views :: Projects

Chinese group plans $4.5-billion methanol complex at Texas City

9:53 AM MDT | August 26, 2014 | Natasha Alperowicz

The Galveston County Economic Alliance announced on Tuesday that Fund Connell USA Energy and Chemical Investment Corp. is exploring plans to build a large methanol production and export facility at Shoal Point, Texas City. The announcement was made by the investment partners of Fund Energy, the investment division of Sino Life Insurance Co. and the Connell Group, both of China. Fund Connell USA Energy and Chemical Investment says it has initiated engineering pre-design and feasibility studies for this project with the goal of making a final investment location...

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