Lake Charles Methanol Plans $3.2B Louisiana Plant
02.21.2024 By Tank Terminals - NEWS

February 21, 2024 [Construction Dive]- Lake Charles will use auto thermal gas reforming technology and carbon capture to produce low-carbon hydrogen, which will be converted to methanol. The process will transform natural gas and renewable gas feedstocks into hydrogen, according to the release.

 

Lake Charles plans to work with a third party to capture and sequester about one million metric tons of carbon dioxide per year, but did not specify the partner it plans to work with.

Methanol is used to produce various products and materials, including plastics, coatings, automotive electronics, foam materials, inks, paint, adhesives, caulk and rubber tires.

The Lake Charles project is part of the chemical maker’s strategy to produce low-carbon methanol, dubbed “blue methanol” that leverages clean hydrogen and carbon capture processes to avoid the release of greenhouse gases.

“The project will deliver substantial tangible economic benefits to local communities while providing an environmentally beneficial blue methanol product to facilitate the transition to low-carbon chemicals and fuels,” LCM President and CEO Donald Maley said in a statement.

In addition to upcoming manufacturing positions, the project is expected to create up to 2,300 construction jobs.

The creation of the Lake Charles project has been several years in the making. In 2016, the Department of Energy committed up to $2 billion for the chemical maker’s low-carbon methanol facility. The funding was part of the department’s Advanced Fossil Energy Project, meant to boost domestic advanced fossil energy production that can reduce, avoid or separate greenhouse gases.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

AI Loses Its Shine as Money Rotates Back Into Big Oil
02.10.2026 - NEWS
February 10, 2026 [Oil Price]- Big Tech plans to spend hundreds of billions on AI this year, the ... Read More
Shell’s Oil Reserves Have Dropped to Lowest Levels Since 2013
02.10.2026 - NEWS
February 10, 2026 [Oil Price]- British Oil and Gas giant Shell Plc. (NYSE:SHEL) needs an explor... Read More
China's LNG Imports Set to Recover in 2026 Though Not to 2024 Level
02.10.2026 - NEWS
February 10, 2026 [Reuters]- China’s liquefied natural gas imports are set to rise in 2026 ... Read More
Petredec and Carnot Engines Partner on Next-Generation Engines
02.10.2026 - NEWS
February 10, 2026 [Storage Terminals Magazine]- Petredec, a global leader in the liquefied petrol... Read More