Specifically, the facility in Kalama will begin operations in 2024 according to plans, and will convert regionally sourced natural gas to methanol to be transported via ship for use in dedicated materials pathway production in Asia, with a strong focus on China.
It is reported that the site will be located alongside the Columbia River on the industrially zoned property at the Port of Kalama.
Methanol will be used to produce materials, including olefins, the primary components in numerous products, including medical devices, such as masks, gowns, gloves, and eye protection, recreational equipment, clothing, cell phones, and furniture.
Referring to the partnership, MOL commented that
By participating in this project, MOL will obtain a deeper knowledge of overall methanol activities, allowing the company to provide better services and solutions for its customers.
In addition, the company aims to use ultra-low-emissions and zero liquid discharge technologies at the facility, which is expected to cost over $2 billion to develop. Zero Liquid Discharge (ZLD) technology insures that no wastewater from plant operations is released into the Columbia River.
Concluding, the project will provide over 1,000 new construction jobs and up to 200 permanent direct family-wage jobs, as well as providing $30 to $40 million in annual tax payments paid to state and local governments.