NW Innovation Works
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NW Innovation Works (Northwest Innovation Works or NWIW) is an American company proposing methanol refineries in the Pacific Northwest region. The company refers to itself as a clean tech company.
The company was founded in 2011 by the Pan-Pacific Energy Corp, owned by Shanghai Bi Ke Clean Energy Technology Co., Ltd, the private equity arm of the government-owned Chinese Academy of Sciences, and BP, who later sold their share of the company.[1] Johnson Matthey joined in 2015, and by 2016, a shareholder was Stonepeak Partners, a private equity firm managing over $5 billion in equity in 2016.[2]
The natural gas feedstock, typically produced by fracking and supplied through the Northwest Pipeline, would go through a methane reforming process to produce liquid methane, which would be shipped to Dalian, China for plastics production.[3][4]