CCI addresses air permit renewal
The New Orleans Advocate reports that Castleton Commodities International has renewed the air permit for its Braithwaite property with the state Department of Environmental Quality, but company sources say the move is being misinterpreted.
CCI purchased the former AMAX Nickel site in 2014 with initial designs to use the east bank property for coal storage. The first plan was later dropped in favor of building a $1.2 billion methanol plant, but that plan didn’t last either. Most recently, CCI has operated a 67-acre site adjacent to the former AMAX property to store dry bulk commodities as a designated foreign trade zone, meaning goods can be imported and exported at the site free of duty and excise taxes.
The Advocate’s report frames the air permit renewal as positioning “another major methanol manufacturing plant…one step closer to being constructed.” However, CCI sources caution that permits are routinely renewed on industrial properties as a best practice and this latest renewal does not mean the methanol plant once envisioned by CCI is moving forward.