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To: richardred who wrote (178249)	11/22/2013 10:08:44 AM
From: Dennis Roth	3 Recommendations Recommended By dvdw© evestor richardred Read Replies (1) of 206085

Nation’s largest methanol plant planned for Texas Posted on November 21, 2013 at 11:58 pm by Zain Shauk fuelfix.com HOUSTON — A Dutch fertilizer company said Thursday it plans to build in Beaumont what would be the largest methanol plant in the United States. The plant would cost more than $1 billion and produce about 1.75 million tons of methanol per year, according to the company, OCI N.V. The plant will be build by OCI N.V. subsidiary Natgasoline. “Basically, this project has one input: natural gas,” CEO Nassef Sawiris said in an interview with FuelFix. “And the final product, methanol, is currently being imported into the U.S. The U.S. has about a 5-million-ton deficit so this project will substitute imports...” ---- Chemicals Maker’s $2 Billion U.S. Bet Driven by Fracked Gas By Brian Wingfield & Yu-Huay Sun -Nov 22, 2013 3:51 AM ET bloomberg.com Formosa (6505) Plastics Group, Asia’s largest chemical producer, is seeking U.S. permits for a $2 billion expansion of its Texas operations as cheaper natural gas prices make U.S. production more competitive...

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