On July 9, the Alaska Industrial Development and Export Authority, or AIDEA, executed loan agreements for project loan financing of up to $70 million to support Alyeschem LLC’s $140 million development of a first-of-its-kind methanol and ultra-low sulfur diesel production facility on Alaska’s North Slope.
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.
