Gulf methanol plant gets $2 billion loan | Chemical & Engineering News
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Web Date: December 27, 2016

Gulf methanol plant gets $2 billion loan

Department of Energy to back world’s largest industrial carbon capture facility
Department: Business
Keywords: greenhouse gases, methanol, gulf coast, carbon capture

A new firm called Lake Charles Methanol has received a $2 billion conditional loan commitment from the Department of Energy for a facility that will produce methanol by gasifying petroleum coke, a waste product from oil refining. The plant will capture and purify by-product carbon dioxide for use in enhanced oil recovery.

Pending completion of financing, the $3.8 billion plant will be built in Lake Charles, La. and supplied with coke from nearby refiners. In . . .

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