Houston-based G2X Energy Inc. and Methanol Holdings Trinidad Limited announced Thursday they intend to partner on the world-scale methanol-to-gasoline facility being developed by G2X Energy in Lake Charles.
The Big Lake Fuels LLC facility will produce 1.5 million tons of commercial-grade methanol per year and will be capable of converting methanol to gasoline.
As part of its proposed, and undisclosed, investment into the facility, Methanol Holdings will negotiate an agreement to market all of the methanol produced from the facility's first methanol plant.
The planned $1.3 billion gas-to-liquids plant was announced in January 2013. Construction was expected to begin in 2014 and be completed in 2017. The original plan called for the plant to make gasoline. However, G2X said Thursday the facility will first focus on methanol production.
Methanol can be found in everything from windshield washer fluid to recyclable plastic bottles, plywood floors, paint, silicone sealants and synthetic fibers.