North Slope Borough backs state agency’s financing of first methanol plant in US Arctic

Alena Naiden

ENERGY

Anchorage Daily News

The North Slope Borough expressed support this month for a state agency’s financing of a new methanol plant that, according to its founder, could advance economic development and decrease emissions in the region.

Alyeschem, planned to be built in Prudhoe Bay in the next few years, would use existing natural gas to create two chemicals — methanol and ultra-low-sulfur diesel — that are currently imported into the oilfield area in great volumes, said the founder and CEO of the project, JR Wilcox. The first petrochemical facility in the U.S. Arctic, it would support producers in the North Slope and other places across Alaska, he said.

Login to continue reading article