Methanex Resuming Construction on Louisiana Methanol Plant

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.