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
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- Venture Global wins LNG arbitration case brought by Spain's Repsol
- Cook Inlet LNG advances FSRU project in Alaska (U.S.)
Comments