Alberta government backs planned Nauticol Energy methanol plant
2/20/2019
(Reuters) - Alberta's provincial government said it had committed C$80 million in credits against future royalties for Nauticol Energy's planned C$2-billion methanol plant near Grande Prairie.
Methanol is produced from natural gas, which Alberta has in abundance and that producers sell at some of the world's lowest prices. It is used in paints, plastics and other products. (Reporting by Rod Nickel in Winnipeg, Manitoba Editing by Chris Reese)
Sign up to Receive Our Newsletter
- ADNOC Gas awards $2.1 B in contracts to enhance LNG supply infrastructure
- U.S. Department of the Treasury releases final rules for clean hydrogen production tax credit
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
- Indonesia regulator confirms disruption at bp's Tangguh LNG project
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
Comments