Natgasoline LLC is a greenfield world scale methanol production complex in Beaumont, Texas. OCI and its partner, Consolidated Energy Limited (CEL)/G2X, each own 50% stakes. The plant has an estimated capacity of up to approximately 1.8 million metric tons per year. At peak construction, Natgasoline LLC created approximately 2,000 construction jobs and has created approximately 108 permanent jobs.
World-Class Production Complex
Natgasoline is one of the world’s largest methanol production facilities based on nameplate capacity. The project used proven state-of-the-art Lurgi MegaMethanol® technology and incorporated ‘Best Available Environmental Control Technology (BACT). Located on the same industrial site as OCI Beaumont, Natgasoline has access to industrial gases, workshops and laboratories and capitalizes on technical support and synergies with OCI Beaumont. Natgasoline also leverages OCI Beaumont’s engineers’ and operators’ operational know-how given their extensive experience in running, maintaining, rehabilitating and debottlenecking a methanol plant. Our partner is a global leader in methanol and contributes key management personnel, providing technical leadership in the startup, operations and maintenance of the facility.
Natgasoline also leverages the partners’ significant methanol sales and marketing experience as leading methanol players as well as their existing relationships both in the domestic market and around the world.
Strategic Location with Strong Distribution and Logistics
Natgasoline is strategically located on the Texas Gulf Coast with access to excellent distribution and logistics infrastructure. The plant is located near six existing natural gas pipelines, and is expected to receive natural gas from two pipelines owned by Golden Triangle (GTS) that run through the project site. Accordingly, the facility has several options to receive gas given GTS’s connection to six existing pipelines.
Natgasoline has entered into a 15-year Terminal Services Agreement with Phillips 66 Gulf Coast Properties LLC and a Pipeline Transportation Services Agreement with Phillips 66 Pipeline LLC for the required outbound logistics. Under the P66 agreements, Phillips 66 will construct, operate and own three new methanol storage tanks with capacity of 50 thousand metric tons each at their Beaumont methanol terminal. Phillips 66 will also construct approximately seven miles of pipeline from Natagsoline to the terminal, which will be equipped for the loading of methanol onto both deep-sea marine vessels and barges. Natgasoline has also leased two deep-sea methanol tankers.