Methanex has acquired land for a third methanol plant in Geismar, adjacent to its two existing methanol plants there.
Methanex is still probably a year away from making a final investment decision. It would take 9-12 months to get a FID on the project and that there would be no significant capital spent on the project until late 2019 or 2020.
Methanex said it was considering two sites for a potential new plant, one in Geismar and the other in Medicine Hat, Alberta.
As per report, Methanex spends $20m/month on natural gas for its two Louisiana plants.
The proposed new plant would be a new-build unit with a capacity of 1.8m tonnnes/year, much larger than the two 1m tonne/year plants in Geismar now.
