LyondellBasell Restarts Methanol Plant to Take Advantage of Shale Gas

LyondellBasell restarts its methanol plant at Channelview, Texas, on schedule to take advantage of the low cost feedstock from US shale gas. The unit had been out of service since 2004 due to the rising cost of natural gas, the key feedstock for methanol production.

"The methanol plant re-start is the first in a series of U.S. Gulf Coast projects by LyondellBasell to take advantage of the natural gas price advantage that we enjoy from shale gas," said Patrick Quarles, senior vice president, Intermediates and Derivatives. "The methanol plant project and our other significant debottleneck projects will bring new capacity into our system earlier and at substantially lower cost than constructing entirely new facilities."

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