Oil Refining & FuelsNorth Slope, AlaskaAnnouncement date · May 16, 2024

North Slope Methanol and Ultra-Low-Sulfur Diesel Facility

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Alyeschem is constructing a North Slope facility to convert North Slope natural gas and waste carbon dioxide into methanol and hydrogen, with hydrogen used to produce ultra-low-sulfur diesel. The total project cost is approximately $140 million, including a $70 million AIDEA loan and remaining private-sector investment; AFT records the full facility cost, not the loan alone. Documented May 2026 groundbreaking supports Under Construction status. The project is expected to begin late-2027 operations, recorded at year precision only. AFT records 15 permanent operating jobs and excludes approximately 80 construction jobs and indirect employment. Potential future dimethyl ether, enhanced-oil-recovery chemicals, and later expansions are excluded.

Investment
$140.0M
Permanent jobs announced
15
Status
Under Construction
Expected opening
2027
Why this project qualifies

With $140 million in facility-specific investment, this project clears AFT's $100 million investment threshold (AFT includes any project meeting $100 million in facility-specific investment OR 100 permanent operating jobs). This project also meets AFT's primary-source verification and physical U.S. manufacturing-footprint requirements.

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Why it matters

The oil refining & fuels context.

Oil refining and fuels production tracks major U.S. facilities that turn hydrocarbons, renewable feedstocks, or synthetic processes into transport fuels, base oils, and related products. The category includes qualifying refinery investments and fuel-production plants, while excluding extraction, pipelines, terminals, storage, retail infrastructure, and power generation. These projects are capital-intensive industrial systems whose output reaches aviation, freight, manufacturing, and consumer fuel markets.

Project record

At a glance

Company
Alyeschem
Industry
Oil Refining & Fuels
Location
North Slope, Alaska
Investment
$140.0M
Permanent jobs announced
15
Status
Under Construction
Announced
May 16, 2024
Expected opening
2027
Added to tracker
Aug 14, 2026
Sources

Official references

Related

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