Jacobs wins work to move Methanex plant from Chile to Louisiana

14 August 2012 15:22  [Source: ICIS news]

HOUSTON (ICIS)--Jacobs has won a contract to relocate Methanex's idled methanol plant to Geismar, Louisiana, from from Chile, the US-based petrochemicals engineering firm said on Tuesday.

The plant is expected to be operational in the second half of 2014. Capacity details were not disclosed.
Jacobs said that the construction value of the Methanex project is estimated at $550m (€446m).

Canada-based Methanex plans to disassemble a 1m tonne/year idled methanol plant at its Cabo Negro complex in Chile and to move the facility to Louisiana to capitalise on low US natural gas prices.

Methanex has four methanol plants at Cabo Negro. Last month, the company said that it was studying whether to relocate a second of those Chilean methanol plants to North America.

Methanex is operating only one of the four plants in Chile because of natural gas supply problems.

Additional reporting by Lane Kelley

($1 = €0.81)

By: Stefan Baumgarten
+1 713 525 2653

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