St. James Parish methanol facility underway
ST. JAMES PARISH – Construction of a $1.85 billion methanol production facility is underway in St. James Parish, the product of a joint venture between Koch Methanol Investments, LLC and Yuhuang Chemical Industries Inc.
Phase I of the construction project is on track for completion in the third quarter of 2020. Additionally, the joint venture is evaluating an expansion that would more than double the production of methanol at the site.
Koch Methanol is the indirect, majority owner and managing member of the joint venture. As part of its original investment, affiliates of Koch Methanol received the exclusive methanol offtake rights from the new facility – expected to be as high as 1.7 million metric tons per year – as well as the rights to construct, own, and operate the methanol terminal assets to facilitate the outbound flow of methanol via marine, rail, and truck.