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$1.8 Billion Gas Conversion Plant Proposed for Old Kaiser Smelter Site
The Port of Tacoma could soon be welcoming a new $1.8 billion natural gas conversion plant to the Tide Flats.
The News Tribune reports that a multi-national group, made up of Asian and American investment partners, is proposing what would be the single largest ever investment made to build an industrial facility at the Port of Tacoma.
According to the TNT, the investment group - Northwest Innovation Works - would construct a facility to convert natural gas into methanol at the old Kaiser Aluminum smelter site near the Blair Waterway. The ethanol would be piped in via a branch off an existing pipeline, converted to a liquid form, and shipped to China, where it would be used in the production of plastics.
At least five years to build the plant. 1,000 construction jobs plus a couple hundred long-term employees when the plant opens. No incentives sought. Long-vacant property back on the tax rolls.
The company claims the process will be relatively environmentally clean - emitting mostly water vapor. The Port says there will be minimal new infrastructure needed. Tacoma Fire is just beginning their assessment. Citizens for a Healthy Bay doesn't have a position yet.
It's far from a done deal. The last prospective investor in the Kaiser site backed out of plans to build a crude oil terminal after the project failed in feasibility studies last year. Like that project, NIW will be looking for an initial 18- to 24-month exploratory period, during which they will try to line up permits and feasibility studies.
Read more from the TNT.
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