Lake Charles Methanol will invest $3.24bn in a new manufacturing plant that will reform natural gas and renewable gas feedstocks into hydrogen while capturing carbon dioxide to produce about 3.6 million tonnes per year of methanol.
The major project is currently undergoing a front-end engineering and design study for regulatory permitting. A final investment decision and start of construction are expected in mid-2024. Lake Charles Methanol is targeting a late 2027 start-up date.
It is hoped that, once fully operational, the plant will work with a third party to capture and sequester around one million metric tonnes of carbon dioxide per year. This would reduce the carbon intensity of the hydrogen for synthesis into low-carbon-intensity methanol.
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