HOUSTON--(BUSINESS WIRE)--In the fifth paragraph, second sentence should read: “We thank Senator Seliger for his support in our march toward the economically efficient, domestic production of methanol and gasoline from natural gas.” (sted, “We thank Senator Selinger for his support in our march toward the economically efficient, domestic production of methanol and gasoline from natural gas.”)
“We thank Senator Selinger for his support in our march toward the economically efficient, domestic production of methanol and gasoline from natural gas.”
The corrected press release reads:
G2X ENERGY BREAKS GROUND ON FIRST U.S. METHANOL PLANT IN DECADES
Pampa Fuels facility will inject $155M into local Texas economy and convert natural gas to methanol
G2X Energy, Inc., a developer of advanced natural gas-to-gasoline projects, today marks the groundbreaking ceremony for its Pampa, Texas-based methanol plant—Pampa Fuels—with a site visit and formal remarks by Texas State Senator Kel Seliger. The announcement concludes an active week for G2X Energy, which also announced a long term, multi-site agreement with ExxonMobil Research and Engineering Company (EMRE) for natural gas-based methanol-to-gasoline projects and plans for a $1.3B natural gas-to-gasoline facility in Southwest Louisiana.
Located on a brownfield site previously owned by Celanese Chemical and utilizing some existing operational equipment, the Pampa Fuels facility represents a modern example of reusing existing industrial infrastructure to lower capital cost for the production high-value fuels and chemicals. According to an independent economic study conducted by MIG, Inc., phase one of the project will result in 160 construction jobs, 35 full-time permanent positions and 21 new jobs for the trucking and rail industries, which will transport large volumes of daily methanol shipments to customers when full-scale production begins in 2014. The facility will produce approximately 65,000 metric tons of finished product annually to meet growing regional demand in North Texas and Oklahoma.
“Today, we’ve come together to recognize a Texas-based company working to create local jobs and revitalize a site that has been vacant for four years--achievements we can all celebrate,” said Texas Senator Kel Seliger. “We’re proud to welcome G2X Energy into our community and anticipate much success on the horizon, both here in Texas and across the country.”
Driven by an abundance of shale gas and high demand for cost-competitive fuels and chemicals, G2X Energy is currently developing U.S.-based methanol-to-gasoline projects that require no further refining or processing prior to direct blending into finished gasoline. In Pampa, G2X Energy will leverage its strategic partnership with the Proman Group, an international player in process plant engineering and operations; Southern Chemical Corporation, a leader in methanol sales and distribution; and local engineers to achieve initial operations in Q2, 2014.
“What sets G2X Energy apart is our ability to build upon proven conversion technologies and infrastructure that have come before to bring high-value methanol and gasoline to market,” said Tim Vail, president, CEO and founder of G2X Energy. “We thank Senator Seliger for his support in our march toward the economically efficient, domestic production of methanol and gasoline from natural gas.”
About G2X Energy
Houston-based G2X Energy develops, owns and operates production facilities that convert natural gas to methanol and drop-in gasoline. Transforming conventional gasoline production via existing infrastructure and proven conversion technologies, G2X meets demand for cost-competitive, fuels and chemicals using abundant, clean, domestic natural gas. For more information visit www.G2XEnergy.com.