Start of gas manufacturing industry in NT
West Australian chemical company Coogee has commenced a feasibility study into a methanol plant near Darwin.
The 350,000 tonne per annum methanol plant would be located at Middle Arm industrial precinct. A final investment decision is expected in quarter 1 early 2021, with construction commencing soon after.
The project will cost approximately $500 million and commence operating in 2024, and is estimated to create around 1,000 jobs during construction and 350 direct and indirect jobs on an ongoing basis.