The largest of the two methanol project, Caribbean Gas Chemical's plant in Trinidad and Tobago could start up as early as mid-2019.
Methanol from Trinidad comes into the US duty-free while shipments from Venezuela are hit with a 5.5 pct import tax. In 2017, 49 pct of all US methanol imports were from Trinidad, according to industry data.
The second new methanol project slated for startup in 2019 is US Methanol's 200,000 tpy Liberty One unit in Charleston, West Virginia.
Vancouver-based Methanex is also expected to make a final investment decision on a proposed 1.8 million tpy plant next to its two existing methanol plants. in Geismar, Louisiana.
(Source: US Methanol, Methanex, ICIS News, 8 Jan., 2019) Contact: US Methanol, Frank Bakker, CEO, (681) 205-8511, firstname.lastname@example.org, www.usmeoh.com; Caribbean Gas Chemical, (868) 225-4242, www.cgcltt.com; Methanex, John Floren, Pres., CEO, (604) 661 2600, www.methanex.com
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The facility, which is being relocated from from Brazil, will convert natural gas to methanol as feedstock for the chemical industry in the mid-Atlantic and Northeastern states. (Source: US Methanol, Bradenton Herald, Various Media, AP, 3 June, 2018) Contact: US Methanol, Frank Bakker, CEO, (681) 205-8511, email@example.com, www.usmeoh.com
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The Liberty One facility will incorporate parts of a deconstructed methanol production plant from Rio De Janerio.
The West Virginia Economic Development Authority approved a $10 million loan in May in developing the site for use.
(Source: US Methanol LLC, WV Metro News, Others, 7 Sept., 2017) Contact: US Methanol LLC, (681) 205-8511, firstname.lastname@example.org, www.usmeoh.com
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The loan funds will be primarily used for the purchase of purchase of machinery and equipment for the planned Liberty One Methanol plant which will be reconstructed from a methanol plant that is being disassembled in Brazil. The plant is expected to be up and running by the year's end or early 2018. (Source: West Virginia Economic Development Authority, Charleston Gazette, AP, 19 May, 2017)Contact: West Virginia Economic Development Authority, (304) 558-3650, www.wveda.org; U.S. Methanol, Brad Gunn, COO, (888) 772-9930, www.usmeoh.com
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