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Methanex to relocate methanol plant to Louisiana

7:36 AM MDT | April 26, 2013

Methanex in their first-quarter earnings call announced a decision to proceed with the relocation of a second 1-million m.t./year methanol plant from Chile to Geismar, LA. Methanex says it expects to bring the second Geismar project online by early 2016 at a cost of approximately $550 million. “We are excited to move forward with the Geismar II project,” says John Floren, president and CEO of the company. “Relocating a second plant to Louisiana allows us to benefit quickly from the competitive natural gas price environment in North...

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