Methanex Corp. has successfully produced methanol at its second Geismar plant, three months ahead of the original schedule.
The Geismar 2 plant, which was moved from Chile, will be able to produce 1.1 million tons of methanol a year. Methanex began production at Geismar 1, which has the same production capacity, in January.
Methanol is used in a variety of products from windshield wiper fluid to gasoline blends. The liquid is made primarily from natural gas.
“The total combined cost for the completion of the two Geismar plants is approximately $1.4 billion,” said John Floren, Methanex president and chief executive officer.
Moving the plants rather than building new facilities was much less expensive, Floren said, which will help the company’s performance. The plants employ 165 people directly and an estimated 1,038 indirectly, according to Louisiana’s economic development department.
Methanex is a Vancouver-based, publicly traded company and is the world’s largest producer and supplier of methanol to major international markets.