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

6:19 AM MDT | July 23, 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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Comments (1) for Chinese group plans $4.5-billion methanol complex at Texas City
I had the distinct pleasure of working with Fund Energy, under contract for a year, in search of favourable sites to build Methanol plants in British Columbia. Unfortunately the quantity of gas required for this size plant is not currently available on the West Coast of Canada to meet their requirements. I wish them every success in delivering the massive amount of methanol required to feed their MTO plants in China and hope the tariffs through the newly expanded Panama Canal will not through the economics out the window. The smart thing to do would be to build a storage facility on the west side of the Panama Canal and ship methanol to China in Qmax vessels from there. It's simply a mater of economics when facing unknown tariff fees through the canal.
Posted by Benjamin Werbski on Monday, October 20, 2014 @ 07:40 AM

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