Nauticol proposes CA$2bn methanol project in Alberta

By baddey dey`
Calgary-based Nauticol Energy announced on 9 October that it intends to build a CA$2bn methanol manufacturing facility in Grande Prairie
 
The planned facility would be capable of producing 3mn metric tonnes of methanol a year.
 
Methanol itself has a multifarious range of applications, with its use in low-emission alternative fuels creating a spike in global demand.
 
It is also used in solvents and petrochemicals, electronics, and construction.
 
Nauticol’s press statement said that the project would create around 1,000 construction jobs, with 200 permanent jobs in the province following the project’s completion.
 
“Development will take place on existing disturbed land, adjacent to the existing International Paper Canada pulp mill,” the statement said.
 
“Building a highly modularized facility and optimizing infrastructure with industrial neighbours in this industrial zone limits impact to local communities and reduces the project’s ecological footprint by 50% compared to a traditional methanol facility of this scale.”
 
Nauticol plans to ship its product to Asian markets primarily, stating that around 70% of global methanol demand is found in Asia.
 
Mark Tonner, president and CEO of Nauticol, said:
 
“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.”
 
See more:
 
 
Canada’s petrochemical industries have been going through a difficult period recently, particularly with regards to pipeline permits and resistance from locals, environmental activists, and First Nation groups.
 
Nauticol’s statement said that the firm has signed an agreement with the Western Cree Tribal Council (WCTC) that will make the WCTC equity participants in the project, setting “a new precedent in Alberta”.
 
“Nauticol truly values the meaningful relationships we have developed with the Western Cree Tribal Council,” Tonner said.
 
“Our company is committed to a partnership built on reciprocity, shared knowledge and shared opportunities.”
Share

Featured Articles

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital