South Louisiana Methanol Grows Plan, Seeks Joint Venture Partner For New Plant

Louisiana Gov. John Bel Edwards and Paul Moore, CEO of South Louisiana Methanol (SLM), announced January 4 a plan to build a new $2.2 billion methanol complex on a 1,500-acre site in St. James Parish on the west bank of the Mississippi River near Welcome, La.

A resurrection and expansion of a previously-announced plan, the project was originally announced in 2013 as a joint venture of New Zealand-based Todd Corporation and Texas-based ZEEP Inc., which stands for “Zero Emission Energy Plant.” The original plan called for the construction of a 1.825 million metric ton per year complex at a cost of $1.3 billion, but a drop in methanol and oil prices in 2013 prevented the project from getting underway.

WaterwaysJournal.net

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Shelly Jo Jacobs

Author: Shelly Jo Jacobs