The Geismar 3 (G3) project, budgeted at $1.25-1.3 billion, is adjacent to our existing G1 and G2 plants, with shared infrastructure that creates material capital and operating cost advantages. G3 will be one of our lowest cost plants with one of the lowest CO₂ emissions intensity profiles in the industry by utilizing excess hydrogen from the G1 and G2 steam reforming plants coupled with access to abundant and low-cost natural gas.
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