Alyeschem Set to Build $150 Million Alaska Methanol Plant

Private equity-backed chemical company Alyeschem plans to build Alaska’s first methanol production plant, a small project that state authorities expect will benefit both regional oil producers and the environment while taking advantage of abundant water and natural-gas supplies at the Arctic site.

- BY LUIS GARCIA

Backed by private-equity firms BP Energy Partners in Dallas and Anchorage-based McKinley Alaska Private Investment, Alyeschem is developing the roughly $150 million project on Alaska’s North Slope, home to Prudhoe Bay, the largest oil field in Nor