South Louisiana Methanol LP will invest $1.3 billion in a new methanol production facility on the banks of the Mississippi River in St. James Parish, LA. The South Louisiana Methanol (SLM) project is located across the river from the Nucor Corp. project in Convent, LA.
Austin-based Zero Emission Energy Plant Ltd (ZEEP) and New Zealand-based Todd Corp. are joint owners of the project. The SLM methanol facility will be located in the Port of South Louisiana district, with access to interstate and intrastate natural gas and carbon dioxide pipelines.
“Louisiana offers a high-quality energy workforce, access to abundant natural gas, and a strong network of pipelines and transportation facilities, which makes it an ideal partner for the production and distribution of methanol,” says SLM CEO Barry Williamson. “We will utilize proven technology, to build the largest methanol plant in North America, which will consume CO2 for a more efficient process, ensuring strong environmental stewardship.”