SunGas Renewables, an independent division of GTI Energy, announced it’s considering investing $1.8 billion for a renewable low-carbon methanol production facility in Rapides Parish about 80 miles north of Lafayette, Louisiana.

Beaver Lake Renewable Energy in Pineville would manufacture nearly 400,000 metric tons of green methanol per year for SunGas customers worldwide, according to an announcement from Louisiana Economic Development.

The Danish shipping and logistics company A.P. Moller-Maersk has signed a letter of intent for an offtake agreement with SunGas to purchase fuel from the proposed facility for its fleet of methanol-powered container vessels, should SunGas go through with final investment.

SunGas Renewables considers Rapides Parish, Louisiana for $1.8B methanol facility – BIC Magazine: