Hafnia partner puts development of controversial methanol factory on hold

A planned US methanol factory, with tanker company Hafnia as a co-investor, has been put on hold amidst an environmental appeal. The company behind the factory is in the process of developing "other climate projects" with its partners. Hafnia confirms involvement.

Photo: WEC PR

Four months after NW Innovation Works, the company behind the development of a large US methanol factory, appealed an environmental ruling "to successfully complete the project," the company now puts the project on hold.

NW Innovation Works, which has tanker company Hafnia as a co-investor, has "temporizing" the development of the planned methanol factory and shipping port in Washington, US.

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