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8 July 2015: G2X Energy makes progress at Big Lake Fuels Methanol Plant

8 July 2015

G2X Energy has confirmed that mobilisation has begun on its world-scale methanol production facility located in Lake Charles, Louisiana.

G2X Energy President and CEO Tim Vail announced all state and federal permits required for construction have been obtained, staffing of key management is underway, critical studies and local building permits are being worked towards completion and final details are being put in place to open a local G2X Energy office and commence construction of the facility.

“We are extremely pleased to be moving forward in such a significant way on this project. Our hope is to have our EPC contractor, the Proman Group, to begin site work by the end of this year,” stated Vail. “There are many people to thank for their efforts in our early success including Senators David Vitter and Bill Cassidy, Congressmen Charles Boustany and Garret Graves and Governor Bobby Jindal. Each of these individuals were instrumental in the planning process and have contributed greatly to the early momentum of this project,” he concluded.

Commenting on the importance of this facility, Senator Vitter said, “This project is a great investment for southwest Louisiana.” Vitter went on to say, “Louisiana has shown a clear commitment to the energy and chemical industries, and our abundant natural gas resources make us a perfect fit for the new facility. I’m extremely pleased that we were able to get this major economic project moving forward.”

When complete, the facility, named Big Lake Fuels, will produce over 1.4 million metric tonnes of commercial grade methanol per year and will have the ability to install necessary facilities to convert methanol to automotive gasoline in the future. Congressman Graves stated, “Louisiana is a leader in the energy, chemical and natural gas industries, and we’re excited to welcome the G2X Energy facility as the newest participant in Louisiana’s industrial renaissance. This important project is not only a Louisiana job creator, but another step forward to provide greater energy leadership for our nation.”

Regarding the local economy and the impact this project will create, Congressman Boustany said, “The G2X Energy methanol-to-gasoline production facility in Lake Charles will create 2,000 construction jobs over three years and 125 permanent operations jobs with the possibility of expansion - a huge boost to our local economy. I'm proud to have been able to assist G2X Energy and look forward to groundbreaking on this facility as soon as possible."

Mr. Vail concluded, “G2X Energy and our partners, Southern Chemical Corporation and The Proman Group, are very pleased with the progress of the Big Lake Fuels project and feel this facility will be a large part of the revitalization of the methanol industry along the Gulf Coast.”

G2X Energy

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