The principal challenge was developing a cost-efficient methanol plant that would fit on a vessel, which was accomplished by Starchem Technologies, Foster Wheeler Power Systems anti Waller Marine.
The world's first floating methanol plant is being jointly developed by PetroWorld Limited (a 50-50 joint venture between Petro SA, the Petroleum Oil and Gas Corporation of South Africa Ltd., and Transworld Exploration Ltd., part of the Transworld Group of Companies), Perryville, New Jersey-based Foster Wheeler Power Systems Inc., Houston-based Starchem Technologies International Ltd.