Nauticol Energy is planning to built aworld class methanol facility worth 2 billion dollar in northern Alberta. The plant will be based at Grande Prairie and will have the manufacturing capacity of 3 million mt per year.
“This is a made-in-Alberta, made-for-Albertans project that will add tremendous economic, environmental and societal benefits both here and around the world,” said president and CEO Mark Tonner, in a statement.
The facility will create 75,000 people-years of employment for Alberta and will add value to the province’s natural gas supply, he said.
The methanol plant is scheduled to begin operations in 2021.
Most of the methanol will be exported to Asia that makes up 70% of the global demand, the company said.
The facility would be built in an already-developed industrial area next to an existing pulp mill.
The plant would be built in three stages using a modularized design, starting next year. The modules will be built by PCL Construction at Alberta facilities and moved to the site about 6 miles south of Grande Prairie.
