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Methanol supplier, Methanex says it is investing 1.4B to build a new facility near Geismar. This will be its third plant and is expected to build the economy by adding 230 direct jobs and 1500 indirect jobs in the region as well as over 1000 construction jobs.
With this third location, Methanex will have one of the largest methanol complexes in the world. It will be able to produce 1.8 million metric tons of methanol per year and will be built on a 156-acre site.
Methanol is an ingredient found in everything from windshield washer fluid to recyclable plastic bottles, paint silicone sealants, plywood floors, and synthetic fibers. It is also used in the energy industry for blending in gasoline and other fuels.
Methanol production began in Geismar in 2015.
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