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Jose Methanol Expansion

Sector: Manufacturing (Industrial) • Location: Venezuela, Republica Bolivariana de

Source: International Finance Corporation (IFC)

Project
Completed

Metanol de Oriente S.A. (Metor), a Venezuelan company established in 1992, is a leading Latin American producer of methanol with a nameplate capacity of about 750,000 metric tons per year (mtpa). The company exports about 80% of its output to the U.S. and Europe.Metor, an existing IFC client since 1993, has requested an IFC A loan of up to $50 million to help finance the expansion of its existing

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The project “Jose Methanol Expansion” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Venezuela, Republica Bolivariana de. Taiyo aggregates data on it from International Finance Corporation (IFC).

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completed

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Description

Description

Metanol de Oriente S.A. (Metor), a Venezuelan company established in 1992, is a leading Latin American producer of methanol with a nameplate capacity of about 750,000 metric tons per year (mtpa). The company exports about 80% of its output to the U.S. and Europe.Metor, an existing IFC client since 1993, has requested an IFC A loan of up to $50 million to help finance the expansion of its existing plant, located at the Jose Industrial Complex in the State of Anzoategui, which would increase its production capacity up to about 1.6 million mtpa. The feedstock for the project would be provided by Petroleos de Venezuela S.A. (PDVSA), the Venezuelan state energy company. The project’s output would be sold through off-take contracts. Total project cost is estimated at $525 million. The project is expected to be completed in early 2009.

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Source reliability

High

Data quality score

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