South Louisiana Methanol (SLM) and new joint-venture partner Saudi Arabian Basic Industries Corp. are planning a $2.2-billion capital investment to build a grassroots methanol complex in St. James Parish, La. Originally announced in 2013 as a project of ZEEP and Todd Corp., SLM—which is now majority-owned by Todd—will pursue the JV methanol project with a SABIC subsidiary, Louisiana Economic Development said.

Source: News