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$1.3B methanol plant slated for South Louisiana

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Louisiana Governor Bobby Jindal, South Louisiana Methanol (SLM) CEO Barry Williamson and Todd Corp. Group CEO Jon Young announced that South Louisiana Methanol LP will invest $1.3 The South Louisiana Methanol site will be the largest of its kind in North America. James Parish. ZEEP) and New Zealand-based Todd Corp.

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Juniper GTL to invest $100M to retrofit plant to new small-scale GTL facility in Louisiana

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Louisiana Governor Bobby Jindal and Juniper GTL LLC President Vianney Valès announced the company will invest $100 million to renovate a dormant steam methane reformer in the Westlake, Louisiana area and convert it to a natural gas-to-liquids (GTL) facility, producing waxes, drilling fluids, diesel and naphtha.

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ExxonMobil plans to invest $20B over 10 years to expand manufacturing capacity in US Gulf Region

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The projects, at 11 proposed and existing sites, are expected to generate thousands of new high-paying jobs and $20 billion in increased economic activity in Texas and Louisiana, Darren Woods, chairman and CEO said, highlighting the company’s Growing the Gulf initiative in a keynote speech on Monday at the CERAWeek 2017 conference.

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Chevron announces “significant” oil discovery in deepwater Gulf of Mexico

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The well, which was spudded in August 2014, is located approximately 140 miles (225 km) off the coast of Louisiana in 5,183 feet (1,580 m) of water and was drilled to a depth of 33,749 feet (10,287 m). Appraisal drilling will begin in 2015. Anchor is located approximately 140 miles (225 km) off the coast of Louisiana.

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MHTL to partner with G2X, negotiate methanol offtake agreement from G2X methanol-to-gasoline plant

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and Methanol Holdings Trinidad Limited (MHTL) announced that MHTL intends to partner with G2X Energy to construct the world-scale methanol-to-gasoline (MTG)-ready, methanol production facility being developed by G2X Energy in Lake Charles, Louisiana. The plant received its air and construction permit from the state of Louisiana on 25 May.

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Sasol bails on $13-$15B US GTL project, divests from Canadian shale; no new greenfield GTL

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In January 2015 Sasol announced it was delaying a final investment decision on the proposed project near Lake Charles, Louisiana to conserve cash in response to lower oil prices. The company will continue to develop its $11-billion ethane cracker project in Louisiana; the project is almost 80% complete.

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USDA: $210M to be invested in renewable fuel pump infrastructure through the Biofuel Infrastructure Partnership

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In May 2015, USDA announced the availability of $100 million in grants through the BIP, and that to apply states and private partners match the federal funding by a 1:1 ratio. USDA received applications requesting more than $130 million, outpacing the $100 million that is available.