Methanex secures power supply deal for Louisiana methanol site

23 October 2013 14:36  [Source: ICIS news]

HOUSTON (ICIS)--Canada’s Methanex has signed a deal for power supplies to its upcoming production site at Geismar, Louisiana, a US utility firm said on Wednesday.

Methanex is relocating two methanol plants from Chile to Louisiana.

Entergy Gulf States Louisiana said that under the deal it will supply Methanex's Geismar site with up to 30 megawatts of power.

The companies’ power contract is for an initial 10-year term and will continue thereafter on a year-to-year basis. Entergy plans to upgrade its electric transmission system to meet the increased demand from Geismar, it added.

Gustavo Parra, Methanex’s vice president for “Global Excellence and Projects”, added: “Methanex selected Entergy as the sole source for their power needs because of Entergy’s ability to provide safe, clean, reliable and affordable power within the required timeframe.”

Financial details were not disclosed.

Entergy added that Methanex’s first plant is expected to be operational by the end of 2014, and the second plant is expected to be operational by early 2016.

By: Stefan Baumgarten
+1 713 525 2653

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