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Petrochemicals

Koch to join methanol project

by Alexander H. Tullo
August 31, 2018 | APPEARED IN VOLUME 96, ISSUE 35

Koch Methanol, which operates under the fertilizer arm of Koch Industries, has agreed to purchase a minority interest in a methanol project the Chinese firm Yuhuang Chemical is building in St. James Parish, La. The methanol plant, which will cost $1.9 billion to build and have 1.7 million metric tons of annual capacity, has been under construction for a year and will be completed in 2020. Koch will have off-take rights for output from the plant and will build and operate a methanol terminal. Yuhuang originally announced plans for the facility in 2014.

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