Bia Energy signs on Macquarie to market its low carbon methanol following FEED completion

In Louisiana, Bia Energy Operating Company recently announced significant project updates for its low carbon methanol production facility at the 4,000-acre Port of Caddo-Bossier industrial multimodal facility in northwest Louisiana. The facility is designed to be able to reduce carbon emissions by over 92% compared to traditional methanol production by capturing CO2 and utilizing hydrogen as both fuel and feedstock. The Front-End Engineering Design (FEED) study and major permits are

complete for the 74-acre, $1.2 billion facility designed to produce 550,000 metric tons of blue and bio-methanol per year.

To support the marketing of the facility’s production, Bia Energy has entered into a 20-year Commercialization and Marketing Services Agreement with Macquarie Commodities Trading, an affiliate of Macquarie Group’s Commodities and Global Markets business.

Through Macquarie, the project is currently seeking fixed-price offtake agreements with organizations in the chemical, maritime, manufacturing and industrial sectors looking to switch to low carbon methanol. Bia Energy is collaborating with CapturePoint LLC to capture and transport the CO2 to a class VI well site in central Louisiana. Bia Energy will utilize the J. Bennett Johnston/Red River Waterway for its barge shipments of finished product.