Home / Knowledge / News / Textiles / South Louisiana Methanol to setup new Mississippi plant
South Louisiana Methanol to setup new Mississippi plant
08
Mar '13
Gov. Bobby Jindal, South Louisiana Methanol CEO Barry Williamson and Todd Corp. Group CEO Jon Young announced that 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. Located across the river from the Nucor Corp. project in Convent, La., the South Louisiana Methanol, or SLM, project will create 63 new direct jobs paying an average salary of $66,500 a year, plus benefits. LED also estimates the project will result in 374 new indirect jobs, for a total of more than 430 new jobs for the area.

Austin, Texas-based Zero Emission Energy Plant Ltd., or ZEEP, and New Zealand-based Todd Corp. are joint owners of the project, which will result in a world-scale methanol plant. Methanol is used by manufacturers to produce everyday goods, such as plastics, polyester fibers and fabrics, pesticides, fuel additives, pharmaceuticals and adhesives for the wood products industry. 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.

Gov. Jindal said, "Today is a great day for St. James Parish and our entire state. The inexpensive price and high inventories of natural gas in Louisiana – coupled with our incomparable workforce and strong business climate – helped make it clear to South Louisiana Methanol that Louisiana is the best place to invest and create jobs.

"St. James Parish’s location on the Mississippi River places it at the heart of Louisiana’s advanced petrochemical manufacturing sector, complete with easy access to a world-class interstate pipeline network and global shipping infrastructure. South Louisiana Methanol’s investment is the latest example of the renaissance our energy and chemical industries are experiencing today, which is creating thousands of good-paying jobs for our people."

As a liquid hydrocarbon product, methanol is distributed as an intermediate feedstock for chemical manufacturers in the Gulf Coast region and to foreign markets. ZEEP and Todd Corp. chose St. James Parish for the new facility because of the state’s strong business climate and the high inventories and inexpensive price of natural gas in Louisiana, as well as the area’s strategic shipping location at the Port of South Louisiana – the largest port in the Western Hemisphere by capacity. Since 2008, more than $32 million in investments and upgrades have been made to the port.

“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,” Williamson said. “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.”


Must ReadView All

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Courtesy: 2XU

Apparel/Garments | On 15th Dec 2017

L Catterton Asia announces JV of GXG and 2XU

L Catterton Asia, the Asian unit of the largest and most global...

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search