Deconstruction, Reconstruction and the Future of Regional Methanol Production
In early 2016, US Methanol LLC, a privately funded company with corporate offices in the capital city of Charleston, West Virginia, chose the Dow Industrial Park in the neighboring community of Institute as its location to build a modern methanol production facility. After a positive and welcome reception from area businesses, citizens, state, city and county officials, Liberty One officially broke ground in September 2017. But before construction began, a deconstruction of sorts had to occur.
us methanol first groundbreaking
Congratulations to US Methanol on its groundbreaking ceremony for the company’s methanol production plant: Liberty One in Institute.
The company will begin construction this fall and is expected to start production in 2020. The Liberty One is being relocated from Rio de Janeiro in Brazil. The plant will produce approximately 200,000 metric tons of methanol per year and create approximately 50 permanent jobs.
Investment group KKCG has expanded to the US market, where it has formed the firm US Methanol. The investment of USD 160m is based on the group’s long-term strategy of investing on the most developed international markets.
Planned West Virginia Methanol Plant Gets EDA Loan
CHARLESTON, W.Va. (AP) — The West Virginia Economic Development Authority has approved a $10 million loan to help develop a methanol production facility west of Charleston.
The Charleston Gazette-Mail (http://bit.ly/2qCnxMi ) reports the state development authority gave preliminary approval for the loan to US Methanol to purchase machinery and equipment for the planned Liberty One Methanol plant.
US Methanol Chief Commercial Officer Brad Gunn says the plant is expected to create about 350 temporary construction jobs and 50 permanent jobs. It is the first developed by the California-based startup.
Howard Swint: US Methanol can lead state’s new chemical age
U.S. Methanol’s decision to relocate a methanol production plant from Rio de Janeiro, Brazil, to Institute underscores West Virginia’s ability to compete in the global chemical industry.
Its decision making process for site selection could serve as a textbook example of how our area’s natural gas feedstock creates competitive advantage.
Chemical Plant Expected to Bring 60 Jobs to Kanawha County
A chemical manufacturing startup is planning to build a methanol production facility in Kanawha County next year. Governor Earl Ray Tomblin announced Tuesday that California-based US Methanol will move a production facility to Institute and create more than 60 permanent positions when the plant begins operations in July 2017.