China-based Fund Connell USA Energy and Chemical Investment Corporation is considering Texas City, Texas, as the site for a $4.5 billion methanol facility, the Galveston County Economic Alliance said. If constructed, the facility could produce up to 7.2 million mt/year of methanol and would be one of the largest methanol facilities in the world. As part of the company’s evaluation, it has secured a site at Shoal Point in Texas City. If the company decides to invest in the Shoal Point site, it would also construct a deepsea marine export terminal, the Galveston County Economic Alliance said in a statement late Tuesday. In addition, the project would include a fleet of tankers to run a continual route from the Gulf of Mexico to China. The company will make a final investment decision during the second quarter of 2015. –Colleen Barry-Goodman, [email protected] –Edited by Jason Lindquist, [email protected]