Our first plant is a methanol facility located in the Texas panhandle outside of Pampa, Texas. The project will process low-cost natural gas located in the area into 65,000 tonnes of methanol per year. Our partner, Southern Chemical, will market the methanol to customers in the panhandle region under a long-term, off-take agreement. G2X Energy has received the necessary permitting from the Texas Commission for Environmental Quality to allow start of construction. This project is fully funded, with construction scheduled to begin March 2013 and initial operations planned for Q2, 2014.
In pursuing our first natural gas-to-gasoline facility, G2X Energy has pre-selected a 200-acre site in Southwest Louisiana on land owned by the Lake Charles Harbor & Terminal District. Once operational, the plant will produce 12,500 barrels per day of 87 octane gasoline using Methanol-to-Gasoline technology licensed from ExxonMobil Research and Engineering. Through our proven technology process, the plant will convert approximately 130 million standard cubic feet per day of dry natural gas into methanol, then convert methanol to conventional gasoline. Subject to completing a successful feasibility study and obtaining all required permits, G2X Energy expects to begin construction on the facility in 2014 with initial operations targeted for early 2017.
G2X Energy is currently reviewing several promising sites for additional natural gas-to-gasoline plant locations. Watch for updates on our current projects and potential facility locations.