SunGas Renewables, a division of GTI Energy, is considering building a $1.8B “green” methanol plant in Pineville, the Louisiana Economic Development said July 26.
The Beaver Lake Renewable Energy plant would be built at the former International Paper facility in Rapides Parish, which has been vacant for 14 years. The plant would produce nearly 400,000 metric tons per year of “green” methanol.
The complex would create 109 direct jobs. according to LED.
A front-end engineering and design study is planned for the site in October.
SunGas Renewables is scheduled to make a final investment decision by August 2024. Commercial operations are tentatively slated to start in 2027.
Methanol is a clear chemical used in plastics, paints and fuels, according to the Methanol Institute.
Standard methanol is typically made using natural gas but “green” methanol is made from carbon dioxide and either biomass or renewable electricity, LED said.
The fuel produced at the would-be plant would use wood fiber from local timber supplies as a biomass feedstock. The plant would use carbon capture to offset its carbon dioxide emissions, though SunGas has yet to determine where it would sequester the carbon dioxide.
Though not formalized, Danish shipping company A.P. Moller-Maersk has signed up with SunGas to purchase fuel from the proposed facility.
Louisiana has forked over a $6M performance-based grant for infrastructure. SunGas is also expected to apply for state tax incentives, such as Quality Jobs and the Industrial Tax Exemption Program. (NOLA.com 07/26/23)
No comments:
Post a Comment