North Slope, Alaska (KINY) - Alyeschem announced the conclusion of a purchase and sale agreement wherein Alyeschem will transfer ownership of approximately 10 acres of its gravel pad in central Prudhoe Bay to Harvest Alaska LNG.
Alyeschem is an Alaska-based company developing a small chemical plant that will use stranded North Slope Natural gas to manufacture methanol and ultra-low sulfur diesel on the North Slope.
The parties have also concluded agreements allowing for the construction of a common gas supply pipeline and other measures to cooperatively develop the site.
“We are very happy to be in a position to help support the plan to bring North Slope gas to heat Fairbanks homes,” said Alyeschem’s CEO JR Wilcox, who was born in Fairbanks. “The synergies of our operations made sense and thanks to the Governor’s emphasis on attracting investment and our energy security, we see great opportunities ahead adding value to Alaska’s natural resources for in-state use."