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Business
Northwest Doubles Methanol Proposal
by Alexander H. Tullo
September 28, 2015
| A version of this story appeared in
Volume 93, Issue 38
Northwest Innovation Works, a Chinese firm supported by the Chinese Academy of Sciences, says it will nearly double the investment in a methanol plant it wants to build in Tacoma, Wash. Original plans called for a $1.8 billion plant. Now, the company says it will invest $3.4 billion at the site. Overall, the company plans to spend $7.0 billion to bring more than 10 million metric tons per year of methanol production on-line in Tacoma; Kalama, Wash.; and Port Westward, Ore. The alcohol will be shipped to China where it will be used to feed methanol-to-olefins plants.
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