17 January 2013 18:52 [Source: ICIS news]
HOUSTON (ICIS)--Construction began this week on a small methanol unit in the Texas panhandle being built by G2X Energy of Houston in partnership with Southern Chemical Corp (SCC), the company said on Thursday.
Officials will break ground this week on the $60m (€45m) plant in Pampa, said company spokesman Trey Fielder.
Fielder said the plant will produce 65,000 tonnes/year of methanol, which will be marketed by SCC in the Texas panhandle region under a long-term agreement.
“That’s a good idea,” said a US methanol source. “I think there’s a market for that there in the Oklahoma and North Texas area.”
The G2X website said the Pampa project is in the late stages of permitting with the Texas Commission for Environmental Quality. The plant will be built on the site of a former Celanese plant that was closed in early 2009.
G2X is a newly formed company founded by Timothy Vail, the chief executive officer, who has a background in alternative energy projects ranging from clean coal to fuel cells.
SCC is the North American marketer for Methanol Holdings (Trinidad) Limited (MHTL), which operates five methanol units in Trinidad.
MHTL’s parent, Proman Group, is also an investor in G2X. Proman executives David Cassidy and Erwin Keutner also serve on G2X’s board, according to the website.
($1 = €0.75)
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