- Associated Press - Tuesday, August 18, 2015

ST. JAMES, La. (AP) - Yuhuang Chemical Inc. has acquired a 1,300-acre site in St. James Parish for its previously announced $1.85 billion methanol manufacturing complex.

The company plans to build the complex in phases. Preparations are now underway for the first phase, the construction of an $800 million plant that can produce 1.9 million tons of methanol a year. Methanol is a key ingredient in making plastics. The plant, on the west bank of the Mississippi River, is expected to begin operating by the first quarter of 2018.

The Advocate reports (https://bit.ly/1Nhnz1w) Yuhuang signed a 20-year contract with Transcontinental Gas Pipeline last week for capacity on a natural gas pipeline to the proposed complex. Natural gas will be both a fuel and a feedstock for the facility.

The project is expected to add 400 permanent jobs.

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Information from: The Advocate, https://theadvocate.com


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