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LC Port Approves Agreement with Clean Energy

Tue, 08/27/2013 - 10:00am

LAKE CHARLES, La. (AP) — The Port of Lake Charles board has approved an operating agreement with Lake Charles Clean Energy for the handling and storage of methanol — a major step in bringing the $2.6-billion project forward.

Port officials said Monday the new submission will allow the product to be exported — about one million tons per year. The port already received a 25-year operating contract with Lake Charles Clean Energy, a subsidiary of Leucadia.

Port Director Bill Rase told the American Press recently this is the largest project in the works at the Port and will help create long-term sustainability for years to come.

The company has spent more than $50 million in site preparation — mainly for drainage and electricity.

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Information from: American Press, http://www.americanpress.com

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