Chemical News
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Chinese company considering Texas site for $4.5 bil methanol facility: release
https://www.chemnet.com Jul 24,2014 Platts
China-based Fund Connell USA Energy and Chemical Investment Corporation is considering Texas City, Texas, as the site for a $4.5 billion methanol facility, the Galveston County Economic Alliance said.
If constructed, the facility could produce up to 7.2 million mt/year of methanol and would be one of the largest methanol facilities in the world.
As part of the company's evaluation, it has secured a site at Shoal Point in Texas City. If the company decides to invest in the Shoal Point site, it would also construct a deepsea marine export terminal, the Galveston County Economic Alliance said in a statement late Tuesday.
In addition, the project would include a fleet of tankers to run a continual route from the Gulf of Mexico to China.
The company will make a final investment decision during the second quarter of 2015.
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