There's a new type of fuel company in Houston and it's looking to expand into North Texas.
The Houston Chronicle reports HIF Global is looking at a site in Somervell County, southwest of Fort Worth. It plans to build a $6 billion plant to capture carbon dioxide and turn it into a synthetic type of methanol. That new methanol could be used in gasoline, jet fuel, and liquefied petroleum gas.
HIF says it could make 200 million gallons of that methanol at a total of 12 sites around the world. Two of them will be in Texas and the other in Bay City.
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