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City Commission approves Shoal Point lease agreement - The Galveston County Daily News : Local News

November 26, 2014

City Commission approves Shoal Point lease agreement

Posted: Wednesday, August 6, 2014 8:41 pm | Updated: 9:26 pm, Wed Aug 6, 2014.

TEXAS CITY — The plan to build a multibillion-dollar methanol plant in Texas City moved one step closer to reality with the city’s approval of a lease agreement with a Chinese partnership. 

Commissioners approved a lease of property on Shoal Point that a partnership of a Chinese chemical firm and Chinese financial firm are considering for a location for the methanol plant. 

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