Methanex to build 3rd plant in La.

Gov. John Bel Edwards and Methanex executive Mark Allard announced July 19 that the company will make up to $1.4B in capital investments to construct a third methanol plant in Geismar, La. The project will join two existing methanol plants there that represent a cumulative capital investment of more than $2.5B for the methanol facilities in Ascension Parish, about 25 miles south of Baton Rouge. The project will create 62 new direct jobs. The Louisiana Economic Development estimates the project will result in another 301 new indirect jobs for the Capital Region. The three Methanex plants will represent one of the largest methanol complexes in the world. (Source: La. Governor’s Office 07/19/19)