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Markets :: Basic Chemicals :: Petrochemicals :: Methanol

Jacobs Awarded Contract for Methanex's Plant Relocation to the U.S.

8:53 AM MDT | August 14, 2012 | Natasha Alperowicz

Jacobs Engineering said today that it was awarded a contract from Methanex to provide engineering, procurement, and construction services for a previously announced methanol production facility at Geismar, LA. Methanex is relocating the facility from Chile to Geismar at a cost of some $550 million. The plant will add 1 million m.t./year of methanol capacity when it starts production at the end of 2014. Bruce Aitken, president and CEO of Methanex, recently said that the site was chosen because of low natural gas prices, the large methanol consumption in the...

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