$500m methanol plant project in NT to support thousands of jobs

Monica Gameng   |   September 9, 2019

A $500 million methanol plant has been proposed to be built near Darwin in the Northern Territory and the project has the possibility to create up to 1,000 jobs during construction as well as about 350 direct and indirect ongoing jobs.

Chemical company Coogee will be developing the methanol plant, with a feasibility study already underway.

Methanol is utilised as an additive to fuel and in the manufacturing of various products such as textiles and pharmaceuticals.

“There is enormous opportunity in the Territory to build a manufacturing hub, which will create many hundreds of permanent local jobs. I have long said the Northern Territory 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,” Chief Minister Michael Gunner said.

The methanol plant is going to be built at the Middle Arm industrial precinct and it is set to have a capacity of about 350,000 tonnes per annum.

A final investment decision for the project is anticipated to be made by the first quarter of 2021 and construction on the new facility to begin soon after. The new methanol plant is due to be operational in 2024.

“The proposed methanol plant will be strategically located in Darwin to take advantage of its abundant gas supply and its proximity to the south east Asia market. The proposed plant will use innovative, low-emission technology,” Coogee Chief Executive Officer and Managing Director Dr Grant Lukey said.

Stay up to date with the latest industry news and project updates by subscribing to Felix Project News today.

Source: Northern Territory Government Newsroom; Inside Construction; ABC News

Monica Gameng
As Felix's Marketing Assistant since 2015, Monica is responsible for researching and sharing new and progressing projects within the construction and mining sectors in Australia. It's no surprise that Monica has her finger on the pulse of Australian major projects given she has produced more than 1,000 posts. She truly is an industry expert.
Follow me:

Related Articles

Projects
Qld Govt commits over $500m to pave the way for Brisbane's Cross River Rail 

Over the next eight years the Palaszczuk Government will invest $634m to fund QLD's proposed Cross River Rail in Brisbane - have a look here to see on what's entailed. 

Projects
LendLease consortium to deliver $500m innovation hub in Melbourne

A consortium comprising of LendLease, GIC and Urbanest has been appointed by the University of Melbourne to deliver a $500 million innovation hub in Carlton.

Projects
Gladstone SDA welcomes the development of new $500m biofuels refinery

Oceania Biofuels has chosen Queensland as the place to build its new $500 million renewable diesel and sustainable aviation fuel biorefinery. 

Get the latest project news

Formerly known as the PlantMiner blog, Felix Project News is Australia's top 10 Construction blog.

Join thousands of construction and mining pros getting the best content right in their inbox.

✓ updates on Australia's pipeline of state and federal projects

✓ fresh contract awards from major contractors and builders