Methanex Resuming Construction on Louisiana Methanol Plant

The Advocate, July 21, 2021

Canadian methanol manufacturer Methanex Corporation will resume construction on its third methanol plant in Geismar, Louisiana after deferring the project more than a year ago due to the uncertain global economy amid the coronavirus pandemic. Methanex has reduced the size of the plant by $200 million to $600 million, making overall costs for the project between $1.25 billion up to $1.35 billion. The plant is expected to be operational by late 2023/early 2024 and create approximately 60 permanent jobs.

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