West Australian chemical company Coogee is undertaking a feasibility study into a new 350,000 t/a plant near Darwin, with a possible cost of $500 million and a final investment aimed for 2021.
Methanol is used as a fuel additive and in the manufacture of products such as textiles and pharmaceuticals.
The NT Government’s Gas Task Force is working with Coogee on the study as well as exploring options for gas supply, with NT Chief Minister Michael Gunner saying the plant is part of the government’s plan to create a world class gas production, manufacturing and services hub in the NT by 2030.
“There is enormous opportunity in the Territory to build a manufacturing hub, which will create many hundreds of permanent local jobs,” said Mr Gunner.
“I have long said the NT can be a world class hub for gas production and manufacturing – it is a value-add industry right here in the NT.
“I’ve met with Coogee and have been encouraging them to invest right here in the Top End.”
The plant is estimated to create approximately 1,000 jobs during construction and 350 jobs on an ongoing basis.
Coogee is aiming to commence plant operations in 2024.
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