Methanol plant investors drop environmental appeal, cancel big project lease

Shipping company Hafnia and Chinese investors behind a large US-based methanol factory say that the project has been put "on hold", however, the company behind the billion-dollar project has given up on an environmental appeal and terminated its lease. Port director calls the project terminated.

Photo: kilde WEC

Whether the project worth USD 4 billion is dormant or dead as a doornail, is a matter of dispute between the involved parties.

Tanker Hafnia and Chinese investors from NW Innovation Works insist that a planned methanol factory, which could turn out to be one of the largest in the world, is still underway.

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