Methanex To Construct Third Methanol Plant Near Baton Rouge
Methanol supplier Methanex has announced plans to construct a third plant in Geismar, LA. The new $1.3-billion methanol plant will join two existing plants. The project is expected to create 62 new direct jobs. Methanex is the world’s largest supplier of methanol.
Methanex will build the new plant on a 156-acre site, which was certified by the state-run Louisiana Economic Development organization. LED began formal discussions with Methanex about a third plant in June 2018. To secure the project, the State of Louisiana offered Methanex a $3-million performance-based grant to offset infrastructure costs of the project.
Construction on the new plant is expected to begin in the second half of 2019, with operations beginning in the second half of 2022.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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