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New methanol units announced by IGP Methanol in Louisiana

A huge methanol project has been announced in Louisiana in US by IGP Methanol. It plans to build four units each having the production capacity of 1.8m tonnes/year. Once completed, the company’s Gulf Coast Methanol Park would produce 7.2m tonnes/year of methanol, larger than total US production now. Company has not disclosed any cost or investment figure for this project.