Connecticut-based Castleton Commodities International plans to build a $1.2 billion methanol manufacturing plant on the Mississippi River in Plaquemines Parish, La. The Braithwaite plant would produce about $1.8 million tons of methanol per year, or 5,000 metric tons of methanol per day, using natural gas as the key feedstock for production, said Castleton Commodities CEO Bill Reed.
Reed says the plant will create 50 permanent jobs plus an additional 291 indirect jobs and 1,000 construction jobs. Construction is expected to begin in 2016 and be complete in about two years.
(more on the construction of Louisiana's proposed petrochemical plant...)
