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Developer says proposed BT-1 methanol plant is advancing; DOE and equity interest reported
Summary
Developer Linda Miller told the port board the proposed low-emissions methanol plant at BT-1 has draft permits, DOE Part 2 application progress and multiple equity candidates; she projected a target closing in mid-to-late 2024 and said customers and CO2 sequestration contracts are in place.
Linda Miller updated the Lake Charles Harbor and Terminal District on Jan. 29 about progress on a proposed methanol plant planned adjacent to BT-1. She said the project will make hydrogen and turn it into methanol, has offtake contracts for all output, and is designed for low emissions with a CO2 sequestration arrangement with Denbury (now owned by Exxon).
Miller said the project team had received a draft air permit in December and submitted comments; that permit awaits signatures to avoid a lame-duck administration issuance. On financing, the project has filed a Part 2 application with the Department of Energy and Miller…
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