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Texas City closer to landing $2B methanol plant - The Galveston County Daily News : Local News

October 21, 2014

Texas City closer to landing $2B methanol plant

Posted: Wednesday, July 16, 2014 1:10 am | Updated: 10:53 pm, Tue Aug 5, 2014.

TEXAS CITY — The plans for SSA Marine to build a multimillion-dollar megaport near the Texas City Dike are now officially sunk. Still, Shoal Point may find new life as a multibillion-dollar methanol plant.

City commissioners are expected to approve a mutual termination agreement with SSA Marine, ending the Seattle-based marine company’s exclusive rights to develop Shoal Point, a 900-acre peninsula that sits along the Texas City Ship Channel near the dike.

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