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Castleton Commodities selects US Louisiana for new methanol plant

CCI to build world-scale Plaquemines Parish Methanol

2B1st_Project_Smart_Explorer_Sales_Pursuit_ToolThe global trading company Castleton Commodities International (CCI) selected Louisiana in USA to build a greenfield methanol plant.

CCI announcement comes after a series of similar decisions from companies such as Benteler, CF Industries, Cheniere Energy, Cornerstone Chemical, Dow Chemicals, Dyno Nobel, Nucor or Sasol which decided to go to Louisiana for grassroot projects or existing facilities expansion investment.

Castleton_Commodities_Louisiana_Methanol_Project_MapThrough its Louisiana Economic Development (LED) FastStart program, Louisiana proposes multiple initiatives to companies looking for the best places around the US Gulf of Mexico to take advantage from the competitive shale gas resources in expanding their petrochemical activities.

With its LED FastStart program, the State of Louisiana offers tax exemptions and jobs qualification processes to the investors.

Formerly branded Louis Dreyfus Highbridge Energy, Castleton is operating as a global commodities trader from its headquarter in Stamford, Connecticut, USA.

Acting on financial and physical commodities, Castleton is managing a diversified platform of storage and transportation facilities.

Considering the critical role of the methanol as fundamental building block of the petrochemical industry, it can only rises the attention of merchant companies such as CCI.

Easy to store, transport and trade, the methanol offers to Castleton the opportunity to build a competitive advantage on the global petrochemical commodities market in benefiting from the lowest Louisiana local costs for shale gas supply and labor.

CCI to invest $1.2 billion in Braithwaite Methanol

For its Louisiana Methanol project, Castleton is planning to invest $1.2 billion capital expenditure.

Designed to weight on the commodity market, Castleton is sizing its Louisiana Methanol Project to 5,000 tonnes per day capacity.

With the support of the LED, Castleton took approximately one year to evaluate sites along the Mississippi River at Plaquemines Parish.

Castleton_Commodities_Louisiana_Methanol_ProjectIn order to build a world-scale methanol plant, Castleton identified the former AMAX Nickel site as the best opportunity for conversion into petrochemical facility.

Located at the Braithwaite area on the Mississippi east bank, the targeted site offers 387 acres easy to accommodate for Castleton Methanol project.

In addition to the existing power supply this Plaquemines Parish site benefits from the required infrastructures for supply with the neighboring gas pipelines system and for shipment with the existing deepwater harbor and network of water ways to facilitate access.

After the selection of this strategic location, Castleton is planning to start the design of its Louisiana Methanol project in expecting to go for the construction already in 2016 and first shipment out of CCI Plaquemines Parish site by 2019.

For more information about oil and gas and petrochemical projects go to Project Smart Explorer

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