Energy company to build $3.24 billion methanol plant in Louisiana

Lake Charles Methanol II, LLC (LCM) has announced plans to build a new manufacturing plant in Calcasieu Parish, Louisiana. The clean energy development company will invest $3.24 billion into the project, generating 123 new jobs for the surrounding area. The new plant is designed to produce low-carbon intensity methanol and other chemicals. According to LCM, the new plant would reform natural gas and renewable gas feedstocks into hydrogen, capturing carbon dioxide. The facility is expected to produce about 3.6 million tons of methanol per year. Construction is estimated to begin in 2024 once a FEED study and regulatory permitting have been completed. Production at the new plant will begin in 2027. 

In a recent quote, LCM President Don Maley said, “The project will deliver substantial tangible economic benefits to local communities while providing an environmentally beneficial blue methanol product to facilitate the transition to low-carbon chemicals and fuels. With the strong support of state and local officials and the local community, we believe that Lake Charles is a fantastic location for this project and we look forward to working with all stakeholders to bring it to fruition.”

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