Australian firm signs methanol offtake deals, discusses JV

Zammit: TSMP plants will be competitive. MEO Australia (Melbourne) has signed nonbinding letters of intent (LOI) with 3 short-listed partners to offtake methanol from the proposed offshore Tassie Shoal Methanol Project (TSMP), about 275 kilometers off Darwin, in northwestern Australia. Discussions are also under way with a potential equity partner to form a joint venture. Robert Zammit, executive manager/business development at MEO Australia, tells CW that the combined quantities of methanol that the three potential partners would like to offtake exceed the...

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