More Details on Potential Methanol Plant Planned for Northeast PA

Michel Goldschneider, CEO, Elis Energy

We now know who is interested in building a new methanol plant in northeastern Pennsylvania. But it will only get built IF the state is able to adopt a new law granting the operation a tax credit. We’re talking about House Bill (HB) 1100 that was recently passed by large bipartisan majorities in both the PA House and Senate (see PA Senate Tweaks, Passes Bill Attracting Cracker-Type Investment). Gov. Tom Wolf says he will veto the bill (see Gov Wolf to Veto Bill Attracting Cracker-Type Investment to NEPA). The company that wants to build the methanol plant says if HB 1100 is not adopted, they will look to build elsewhere.

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