One company that will likely rank as one of the world's largest methanol production facilities was granted a title V Air Quality Permit by the Louisiana Department of Environmental Quality for a facility located in Plaquemines Parish, Louisiana.

The Gulf Coast Methanol Park will consist of four identical methanol plants or "trains" each producing 1.8 million tons per year of methanol from natural gas. When complete, Gulf Coast Methanol will produce 7.2 million tons of methanol per year. Production is planned to begin in late 2020.

The facility will employ more than 325 permanent operation and maintenance jobs.

The developer IGP Methanol has selected technology and engineering providers, natural gas supply, gas transportation, oxygen and nitrogen supply, as well as storage and loading partners. IGP will also be building common services infrastructure and managing operations and maintenance.

IGP is focused on methanol as a fuel and base feedstock chemical for thousands of products in every day use. Methanol has potential as a drop-in fuel that can replace gasoline and diesel in transportation, and replace LPG, coal, wood and kerosene in cooking fuel and industrial boilers. It can also replace diesel in railways and power generation.

Haldor Topsøe is the technology provider for all four plants using their autothermal reforming (ATR) technology.

IGP Methanol is a project development and infrastructure company focused on methanol related businesses. The company's management team consists of senior executives from Fortune 500 petrochemical, finance and specialty chemical companies, as well as the U.S. government.