News

Alaska methanol financing | First ULSD facility Alaska

AIDEA Commits $70 Million to Advance the First Methanol and Ultra-Low Sulfur Diesel Facility in Alaska

Anchorage, Alaska — The Alaska Industrial Development and Export Authority (AIDEA) has executed loan agreements for project loan financing of up to $70 million to support Alyeschem LLC’s development of a first-of-its-kind methanol and ultra-low sulfur diesel (ULSD) production facility on Alaska’s North Slope. This strategic investment will help monetize stranded natural gas, create jobs, reduce fuel imports, and strengthen the state’s energy infrastructure.

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North Slope Borough support | Local government energy resolution

AIDEA Salutes NSB’s Support of Alyeschem

On June 11, the Alaska Industrial Development and Export Authority thanked the North Slope Borough for its resolution of support of the Alyeschem project. The borough’s resolution supports collaborative efforts with AIDEA to advance economic development, create jobs, and decrease emissions.

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